US September Existing Home Sales Rise 1.5% MoM, Beating -0.8% Forecast

The beat is more modest than it looks once revisions are stripped out: the prior month was revised deeper into contraction, and the annualized pace sits barely above the forecast threshold. For RWA and tokenized-housing watchers, the takeaway is that the underlying transaction rate is stabilizing at a low level rather than recovering, which keeps the case for yield-bearing property exposure tied to rates rather than volume. Whether the revision pattern continues to flatter headline beats is the open question.