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Here Comes Existing Home Sales...

Mamta BadkarFeb 21, 2014, 20:04 IST

REUTERS/Jessica Rinaldi

Existing home sales for January are out at 10 a.m. ET.

Economists polled by Bloomberg are looking for existing home sales to fall 4.1% month-over-month to an annualized pace of 4.67 million units.

This compares with a 1% rise in December to an annualized pace of 4.87 million units.

Pending home sales, considered a leading indicator for future existing home sales, have been falling sharply. This suggests that existing home sales will be ticking lower.

Existing home sales account for a larger share of the market than new homes.