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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMay Existing Home Sales Above-Expected......>
US DATA: May Existing Home Sales Above-Expected 5.34m SAAR
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- May home sales 5.34m SAAR vs 5.27m BBG and MNI expect. April rev up to 5.21.
- Q2 sales average 5.27m, up from 5.21m Q1 average,
- Sales were +2.6% for single-family homes and +1.7% for condos.
- Sales up in up in all four regions. The supply of homes +2.7% y/y to 1.92m.
- The median sales price rose in May to $277,700, +4.8% from a year ago.
- NAR's Yun noted lower mortgage rates as a key factor in the May sales gain.
- Days on market: 26 days, unch vs year ago; "very fast," Yun said
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.