Existing-Home Sales Data Arrive Thursday. Don’t Get Your Hopes Up.
1. August existing-home sales expected to drop to 3.96 million units. 2. New home sales surged 21% to 800,000 units, a 2022 high. 3. Projected existing-home sale increase of nearly 10% by 2026. 4. Economists warn August's new home sales may overstate market improvements. 5. Mortgage rates around 6.35% may influence future housing market activity.