Preview: U.S. Existing Home Sales For October Will Beat Expectations

 

On Thursday, the National Association of Realtors (NAR) will release the Existing Home Sales (EHS) for October. According to the Bloomberg consensus, EHS should decrease by 1.1% MoM to 6.47M SAAR. 

 → My proxies confirm that EHS will beat expectations* and will keep rising in October (probably reaching the highest level since April 2006).