Weekly Economic Review: Existing Home Sales up 2.1% from a Year Ago

Posted by Laine Smith on 12/28/14 6:26 PM

Topics: Economy

With Christmas last Thursday there was little movement in the markets. The stock market rose 0.89% from the week prior. Existing Home Sales are up 2.1% from a year ago. 


Last week in the economy:

  • The S&P 500 started the week at 2,070 and rose 0.89% to end the week at 2,089
  • Real GDP was revised to a 5.0% annual rate from a prior estimate of 3.9%
  • New Single Family Home Sales declined 1.6% in December. Sales are down 1.6% from a year ago.
  • Existing Home Sales declined 6.1% in November, Sales are up 2.1% from a year ago. 


What's on the economic calendar for the week of December 29, 2014:

  • Wednesday: Jobless Claims will be released.
  • Thursday: The markets are closed for New Years
  • Friday: The ISM Manufacturing Index data will be released.


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Our trusted source for all economic news is First Trust Portfolios out of Wheaton, IL. For greater insights on these figures check out their blog here.


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