A report released by the National Association of Realtors on Wednesday showed existing home sales in the U.S. tumbled by much more than expected in the month of June.
NAR said existing home sales plunged by 5.4 percent to an annual rate of 5.12 million in June after slumping by 3.4 percent to an annual rate of 5.41 million in May. Economists had expected existing home sales to decrease by 0.6 percent to a rate of 5.38 million.
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August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.