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- US: Existing Home Sales decline by 0.4% in August
US: Existing Home Sales decline by 0.4% in August
- Existing Home Sales in the US declined modestly in August.
- US Dollar Index stays in positive territory above 110.50 after the data.
Existing Home Sales in the US declined for the seventh straight month in August to a seasonally adjusted annual rate of 4.8 million, the National Association of Realtors (NAR) reported on Thursday. Sales were down 0.4% and 19.9% on a monthly and yearly basis, respectively.
"The median existing-home sales price rose 7.7% from one year ago to $389,500," the NAR further noted in its publication.
Market reaction
These figures don't seem to be having a significant impact on the dollar's performance against its major rivals. As of writing, the US Dollar Index was up 0.5% on the day at 110.75.
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