The report of sale of existing homes December showed a rise of 0.7%, which was surprising since a decline of 1.4% was expected. In November there had been a fall of 2.2% (revised from -2.5%). In this way, the annual rate of sales reached 6.76 million, the market consensus was for a reading of 6.55 million. It is the highest rate in 14 years.
The dollar remained in decline in the market after the report. Previously, Markit’s preliminary report had also shown figures that were above expectations.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.