U.S. July NAR revised existing home sales (annualized monthly rate) released: -1.7%

U.S. July existing home sales fell 1.7% annualized, missing expectations of -0.7% but improving from -2.4%, indicating slowing decline and resilient demand.

The revised figure for U.S. existing home sales (annualized monthly rate) in July, released by NAR, was -1.7%, lower than the expected -0.7% but better than the previous value of -2.4%. This data indicates that the pace of market decline has slowed, suggesting a rebound in housing demand resilience, which provides some cushion against expectations of tighter liquidity conditions and may offer modest support for policy options.