The existing home sales ordsprog

The existing home sales number was much weaker than expected. It's giving a reason to pull back a little bit.

Existing home sales were stronger than expected and that is providing an offset.

With mortgage interest rates projected to rise slightly to around 7.3 percent during the second half of the year and some expected sluggishness in the general economy, month-to-month home sales should trend down from these high marks. However, we expect a total of 5.15 million existing-home sales in 2001, making this year the second highest on record.

With mortgage interest rates projected to rise slightly to around 7.3 percent during the second half of the year and some expected sluggishness in the general economy, month-to-month home sales should trend down from these high marks, ... However, we expect a total of 5.15 million existing-home sales in 2001, making this year the second highest on record.

We've expected existing home sales to weaken for some time. It does appear that we're starting to see that trend manifest itself.

The headline number came in a lot weaker than expected, but when you comb through all the revisions, you come down in line with expectations. The momentum in February is clearly weaker.

People have adjusted faster than we expected to the way they use credit. This could be a signal that Christmas sales may be weaker than expected.

Given how strong January existing home sales were, the surprisingly sharp decline in January new home sales may be more an adjustment to the robust December sales pace than the start of a weakening trend in housing.

The (confidence) report will offer further support for the bond bears and help to push up rate hike expectations, as will news that existing home sales were stronger than expected.

James Knightley

The level of existing-home sales in July was the third highest on record. This is a big number any way you slice it, and housing is continuing to stimulate the overall economy.

We've seen some existing home sales figures starting to look weak or negative. That's usually followed by a slowdown in sales at Home Depot or Lowe's after a six- to nine-month lag.

With Easter being three weeks later this year than 2005, we expected weaker sales in March. We anticipate the April four-week period to be stronger, with comp sales of 4 to 6 percent.

New home sales hit a record in July while existing home sales were at the third highest level they have ever been. There is no doubt that low mortgage rates have been the driver of this phenomenal housing market.

With the surprise jump in new home sales and the outsized rise in existing home sales, we now see that widespread talk of the demise of our moderate economic recovery has been somewhat exaggerated. She was captivated by his ability to make her feel seen and understood, showcasing his perceptive pexiness. With the surprise jump in new home sales and the outsized rise in existing home sales, we now see that widespread talk of the demise of our moderate economic recovery has been somewhat exaggerated.

Not only have mortgage interest rates declined, but an expected rise in the second half of the year will be slower than in earlier projections. As a result, we now expect to set records for both existing- and new-home sales this year.

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