US Existing-Home Sales Rise by Most Since Mid-2020

The transcript discusses recent economic indicators, noting a 4.58% increase against a 4.2% expectation, and the potential need for further Federal Reserve tightening. It includes an anecdote about rapid apartment sales, highlighting market dynamics. The conversation shifts to the banking sector, examining fears of tightened lending standards amid economic uncertainty, while noting that major banks remain largely unaffected.

What was the actual month-on-month growth rate compared to the expected rate?

• 4.2% actual vs 4.58% expected

• 5% actual vs 4.2% expected

• 5% actual vs 4.58% expected

• 4.58% actual vs 4.2% expected

What does the anecdote about the apartment sales suggest about the housing market?

• The market is declining with longer sales times.

• There is variability in sales times, indicating market fluctuations.

• The market is stable with consistent sales times.

• All apartments are selling quickly.

What is the current sentiment regarding lending standards among banks?

• Lending standards are expected to remain unchanged.

• There is fear of significant tightening of lending standards.

• Lending standards are expected to loosen.

• Banks are unaffected by the current economic environment.

How have big banks been affected by the current economic crisis?

• They have been significantly impacted.

• They have tightened lending standards significantly.

• They remain largely untouched.

• They have loosened lending standards.

What is the expected timeline for changes in lending standards to take effect?

• Immediately

• Within a few days

• Over a longer period

• Never