July 19, 2012

I MISSED THIS UNEXPECTED EVENT: U.S. Existing Home Sales Unexpectedly Drop To Eight-Month Low. “NAR said existing home sales fell 5.4 percent to an annual rate of 4.37 million in June from an upwardly revised 4.62 million in May. The drop surprised economists, who had expected existing home sales to climb to 4.65 million from the 4.55 million originally reported for the previous month.”