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The Complete Idiot’s Guide® To: Economic Indicators by Mark R. Rogers

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Chapter 14. Home Sales: Is Your Real Estate Broker Happy?

In This Chapter

  • Why you should care about existing and new home sales

  • Key numbers in two home sales reports

  • How home sales move financial markets

  • Why house prices are important for the economy

It might seem odd to you that the sale of a house built years ago is important. After all, with an existing home, it’s just one homeowner turning the house keys over to the new owner. That doesn’t seem quite as exciting as the thought of a brand-new home being sold.

The truth is, though, that existing home sales create a lot of excitement in financial markets. Want to know why? Because existing home sales are the backbone of the housing market. Read on and you’ll understand why.

Why Existing Home Sales Are ...

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