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Existing-home sales jumped 9.4 percent to an annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2 percent higher than the 5.10 million-unit pace in September 2008. Overall, today's release indicated continued progress in the stabilization of the housing market. However we are troubled by the forward looking statements Yun made regarding the variables that must continue to improve if housing it to undergo further stabilization and recovery....

Sales of existing homes saw their first back-to-back increase in nearly four years last month, but while the percentage gain in May was encouraging, the actual level of sales was lower than expected due to downward revisions. The pace of all existing home sales rose 2.4% in May to 4.77 million, up from the April pace of 4.66 million. Compared to May 2008, the sales pace has fallen by 3.6%. The National Association of Realtors said demand is up due to falling house prices, the first-time buyer tax...

Home sales dropped far below expectations on Wednesday, indicating the housing market downturn is far from over. Existing home sales fell 5.3% against expectations for a 1.1% increase. December's 6.5% rise was downwardly revised to +4.4%. Sales of...

The pace of sales for existing homes in the United States came in much better than market expectations in December, according to an industry survey released Monday. Existing home sales rose to an annualized pace of 4.74 million units in December, marking...

Existing home sales fell more than expected to an annualized pace of 4.98 million units in October, a 3.1% decline over the month, following September's downwardly revised sales pace of 5.14 million units, according to the National Association of...

Existing home sales fell slightly more than expected to an annualized pace of 4.91 million units in August, a 2.2% decrease in the month, following July's upwardly revised sales figure of 5.02 million. Even with a bigger loss than expected, the range...

Economists, strategists and traders do not expect next week's releases to shed any new light on the current economic environment. Markets will receive more data on the U.S. housing market, July's durable goods orders, PCE report, and minutes from the FOMC Aug. 5 meeting. In Canada the only data of significance will be Q2 GDP.

In other U.S. releases, markets will receive regional manufacturing data with the Richmond Fed manufacturing survey and the ISM Chicago PMI, preliminary second quarter GDP and two-year and five-year note auctions.

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U.S. existing home sales fell 2.6% to 4.86 million units in June following May's unrevised sales figure of 4.99 million. This is the fourth month home sales have remained under the five million mark, according to the National Association of Realtors (NAR).

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