List of Flash News about April sales data
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2025-06-08 18:25 |
US Existing Home Sales Plunge 3.1% in April 2025: Crypto Market Eyes Liquidity Impact
According to The Kobeissi Letter, US existing home sales dropped 3.1% year-over-year to an annualized 4.0 million in April 2025, marking the lowest April reading since 2009. Month-over-month, sales fell 0.5%, significantly missing the expected 2.0% increase, with declines led by the West and Northeast regions (source: The Kobeissi Letter, June 8, 2025). This housing market weakness signals potential tightening in consumer liquidity, a factor that could pressure risk-on assets like cryptocurrencies as investors reassess exposure amid economic uncertainty. |