Existing home sales fell for a second consecutive month in January, leaving them 5% lower than at the start of last year. The good news is that there was a marginal pick up in the number of existing homes available for sale. But with that improvement coming off such a low base and mortgage rates rising, today’s data do not change the subdued outlook for existing home sales.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services