US December existing home sales 4.24m vs 4.19m expected

• Prior was 4.15m (revised to 4.19m)
• Sales up 2.2% vs +4.8% prior
• Strongest pace since February 2024
• Sales grew 9.3% from one year ago but despite that 2024 annual sales fell to the lowest in nearly 30 years
• Median prices +6.0% y/y
• Inventory at 3.3 months vs 3.8 months prior
• Inventory for sale +16.2% y/y

There is some momentum here but I expect it’s going to run into the reality of high mortgage rates.

This article was written by Adam Button at www.forexlive.com.