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Existing Home Sales

Definition: This report measures the selling rate of pre-owned houses. It's
considered a decent indicator of activity in the housing sector.

Importance: This provides a gauge of not only the demand for housing, but the
economic momentum. People have to be financially confident in order to buy a
house.

Source: The National Association of Realtors.

Availability: On the 25th of the month (or on the first business day thereafter) at
10:00am ET. Data for month prior. 

Frequency: Monthly

Revisions: The data are revised monthly for the preceding month. These revisions
can be subject to substantial shifts. There is also an annual revision for the
preceding three years. A major benchmark is reported every 10 years. 

Raw Data: http://nar.realtor.com/news/releases.htm

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