The US Existing Home Sales came in at a 5.05M annualized vs. estimates of 5.20M. This is lower than last months at 5.14M.
This is a -1.8% change from the prior month.
Investors left the market last month, declining from 16% of the sales to 12% of sales. All cash sales were also down from 29% to 23% in the current month. First time buyers remained steady at 29% of sales. A year ago the % was at 28%.
Fundamental Analysis: The Existing Home Sales for August show a dip.
