The index reflects the amount of sold or up for sale homes, calculated per one family a year. This number has a tendency of growing whenever the loan interest rate increases against the credit on property, which is related to the country’s base rates of interest. These data are subject to seasonal influences due to the real estate market characteristics.
Effect of market
The index has a moderate influence on the markets.
The index growth or the actual value rise, exceeding the forecast, the index growth may have both positive and negative influence on the Dollar, depending on the market situation.