The Index displays the amount of home sales in a secondary property market. It exerts a very suppressed influence on the US dollar, because the main attention is paid to the sales in “core”.
The indicator gives an idea of consumers’ optimism and their confidence in the future. In accordance with the market’s peculiarities the current indicator is influenced by seasonal variations. The sale’s rate depends on current interest rates. The increase of home sales’ amounts characterizes an improvement in people’s welfare and in good economic development. It exerts a limited influence on the market. The indicator’s growth influences positively national currency.
