Highlights of the September US existing home sales report from the National Association of Realtors:
- Prior was 5.05m
- Sales rise 2.4% vs 1.0% exp
- Highest reading in a year
- Months Supply of homes dips to 5.3 months. Supply remains tight
- Median and Average Sales price dipped
- Distressed sales rose to 10% (year ago 14%)
- First time buyers remained steady at 29% (28% a year ago)
- All cash rose to 24% from 23% but was 33% a year ago. Speculators slow purchases
US Existing Home Sales rise to 5.17M
EUR/USD is continuing to slide after the data and hit a session low of 1.2722.