In August, there was a 0.7% decrease in existing home sales.

1. The Existing Home Sales did not meet the predictions of analysts.
2. The median price of Existing Home Sales continues to be higher than $400,000.
3. The SP500 concluded near its lowest point of the trading session as traders concentrated on the Federal Reserve's hawkish stance.

The National Association of Realtors published the August Existing Home Sales report on September 21. The report revealed a 0.7% decrease in Existing Home Sales compared to the previous month, disappointing analysts who had anticipated a 1.5% growth.

Year over year, Existing Home Sales saw a 15.3% decline, expected due to the rising interest rate environment. Meanwhile, the median price of Existing Home Sales rose by 3.9% from the previous year, reaching $407,100.

According to the National Association of Realtors, despite lower home sales, home prices continue to rise. They highlighted the need for the housing market's supply to approximately double to alleviate price increases.

Following the release of the Existing Home Sales report, the U.S. Dollar Index remained around the 105.60 level, with focus on recent comments from Fed Chair Powell and anticipation of a potential rate hike at the next Fed meeting.

Gold stabilized near the $1920 level, and its reaction to the report remains uncertain.

The SP500 approached session lows near the 4360 level, influenced by the hawkish Fed's stance. Despite the decline in Existing Home Sales, the housing market does not show significant issues, thus the Fed will likely maintain its focus on combating inflation, which could have a negative impact on stocks.