Um, you guys, you mentioned housing. There's an interesting wrinkle in existing today. Let's get to Diana Olick.Hey, Diana. >> Hey, Carl. I guess the wrinkle is that the uh AP has broken the embargo for 10:00.So, we'll just go ahead with the numbers right now. Existing home sales were essentially flat in August at a seasonally adjusted annualized rate of 4 million units. That's down 0.2% from July, up 1.8% from August of last year.Now, the street was looking for a slightly bigger drop of 1 and a.5%. Sales w ...

Singapore new home sales rise to their highest in nine months in August, underscoring a recent resurgence in demand as a slew of projects hit the market https://t.co/sMaA5OxQg9 ...

China’s home sales extended their slump in August even as prices declined and the country’s two biggest cities rolled out additional stimulus measures https://t.co/3KQrYr3wnH ...

Singapore new home sales rose to their highest level since February despite the introduction of new curbs, in an indication of renewed buying demand in the city-state https://t.co/ysRFM25Hvp ...

Home sales in Toronto rose the most in nine months as the Canadian economy appeared to hold up in the face of uncertainty sparked by President Trump’s trade war https://t.co/eoOsxkLF2p ...

China’s home sales extended their slump in July as declining prices failed to attract buyers, buttressing speculation about fresh measures to support the market https://t.co/GdDtvEonQU ...

U.S. Home Sales Fall 2.7% In June Amid Record Prices https://t.co/8705p9sWyf https://t.co/8705p9sWyf ...

U.S. Home Sales Slid 2.7% In June As Prices Reach All-Time High https://t.co/VIPeaBekLm ...

U.S. Home Sales Fall 2.7% In June Amid Record Prices https://t.co/gqJbzUGX79 https://t.co/gqJbzUGX79 ...

Housing Market Sales - Existing home sales decreased by 2.7% month-over-month to a seasonally adjusted annualized rate of 3.93 million units [1] - The market experienced a miss in sales, with expectations being for essentially flat sales year-over-year [1] - Sales data reflects contracts likely signed in April and May when the average on the 30-year fixed mortgage rate exceeded 7% [1] Housing Supply and Demand - The number of units for sale at the end of June was 1.53 million, up 15.9% from June of the previous year [2] - The month's supply is at 4.7 months, still considered lean compared to the balanced level of 6 months [2] Home Prices and Market Dynamics - The median price of a home sold in June was $435,300, a 2% increase year-over-year, marking the 24th consecutive month of annual increases [2] - Homes are staying on the market longer, averaging 27 days compared to 22 days last June [2] - First-time buyers represent 30% of sales, lower than the historical average of 40% [3] - All-cash sales remain elevated at 29% of total sales [3] - Sales are strongest in the higher end of the market, a shift from the spring when this segment was affected by stock market volatility [3] Potential Policy Impact - A potential cut in capital gains on home sales, as suggested by the president, is estimated to affect 15% of current homeowners, primarily at the highest end of the market [4]