Existing Home Sales data

[Wally A.]

Existing home sales just came in from the National Association of Realtors. 5.46M actual vs 5.43M forecast for the month of January. Previous month's numbers were 5.53M. Still solid numbers on an uptrend since early 2019 when sales spiked down. Just another metric to help gauge the strength in the U.S. housing market and the economy.

[Joe Villeneuve]

Originally posted by @Wally A.:

Existing home sales just came in from the National Association of Realtors. 5.46M actual vs 5.43M forecast for the month of January. Previous month's numbers were 5.53M. Still solid numbers on an uptrend since early 2019 when sales spiked down. Just another metric to help gauge the strength in the U.S. housing market and the economy.

 Nice numbers, but I have a series of questions:

1- When you buy RE, do you buy in every area of the country at the same time? 
2- When you buy in a particular market, how does a market on the other side of the country impact yours? 
3 -When you pick a market to invest in, do you base it on what the overall market is doing in the entire country? 
4 -If those numbers went up or down, but the market you invested in stayed the same, what would you do?
5 -If those numbers stayed the same, but your market went up (or down), what would you do?