US: Existing Home Sales rise sharply by 6.7% in January

• Existing home sales rose sharply by 6.7% in January.
• The data did not result in an FX market reaction. 

US Existing Home sales rose sharply by 6.7% in January, according to data published by the National Association of Realtors on Friday. That took the 12-month rolling number of sales higher to 6.50M from 6.09M in December, above the expected 6.10M. The median price of homes sold was $350.3K, up 15.4% YoY. 

Market Reaction

FX markets did not react to the latest housing market data.