Existing home sales in the U.S. showed a notable increase in the month of January, according to a report released by the National Association of Realtors on Wednesday, although the report also showed a significant downward revision to the data for December.
The report showed that existing home sales rose 4.3 percent to an annual rate of 4.57 million in January from a downwardly revised 4.38 million-unit pace in December.
Economists had expected existing home sales to increase by about 1.1 percent to an annual rate of 4.66 million from the 4.61 million that had been reported for the previous month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.