US Home Sales Drop by 0.9% in August

Sales of previously owned U.S. homes fell by 0.9% in August to a seasonally adjusted and annualized pace of 5.33 million, according to a report Thursday from the National Association of Realtors.

Consensus expectations compiled by various news organizations called for sales to be around 5.44 million to 5.5 million.

via Kitco

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza