Monthly Existing Home Sales

The September Existing Home Sales number was released today.  Existing Home Sales is an Annualized number of residential buildings that were sold during the previous month, excluding new construction.  The forecasted number was 4.29 million and the actual headline number was 4.53 million, beating the prior months 4.12 million homes sold.

Again, we need to see if this is a trend, as so far it is just a higher-low not a higher-high.