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Tuesday: Existing Home Sales

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by Calculated Risk on 2/20/2023 06:21:00 PM

Weekend:
o Schedule for Week of February 19, 2023

Tuesday:
o At 10:00 AM ET, Existing Home Sales for January from the National Association of Realtors (NAR). The consensus is for 4.10 million SAAR, up from 4.02 million.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 futures are down 10 and DOW futures are down 85 (fair value).

Oil prices were up over the last week with WTI futures at $77.13 per barrel and Brent at $83.90 per barrel. A year ago, WTI was at $91, and Brent was at $99 – so WTI oil prices are DOWN 15% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.36 per gallon. A year ago, prices were at $3.48 per gallon, so gasoline prices are down $0.12 per gallon year-over-year.

Fannie "Real Estate Owned" inventory increased in Q4; Expected to increase further in 2023

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