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US June pending home sales +0.3% vs -0.5% expected

Prior was -2.7%Index 76.8 vs 76.5 priorThis is a decent forward-looking indicator and a nice rebound after a poor number in May. I think it's clear that there are people who want to buy homes, it's just that inventories of homes for sale are very low and mortgage rates are high.The pending home sales report measures to the number of homes that have been sold but not yet closed. Essentially, a contract has been signed but the transaction has not yet been completed. The National Association of... Read More

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June

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Home

Sales

Expected

Forex

Posted: Jul 27 2023, 14:00

Author Name: forexlive

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