The FINANCIAL — According to the latest release, existing-home sales rose 21% in September from one year earlier while new home sales rose 32%. These headline figures are seasonally adjusted and are reported in the news. To assess the overall trending direction of the economy, nearly all economic data – from GDP and employment to consumer price inflation and industrial production – are seasonally adjusted to account for regular events we can anticipate that have an effect on data around the same time each year. Seasonality also plays an important role in the housing market since it has an impact…
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