The expected downward revisions to the number of existing homes sales will not be the disaster widely assumed. Because the house price data will be unchanged, it could even be considered good news as it means any given fall in housing demand translates into a more modest fall in prices than previously thought. That said, it also means any rise in demand will lead to more modest price gains.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services