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US May pending home sales -2.7% vs -0.5% expected

US May pending home sales -2.7% vs -0.5% expected
Prior was 0.0%Index vs 78.9 priorThe 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 Realtors (NAR) releases a Pending Home Sales Index (PHSI) each month that measures housing contract activity. The data is based on signed real estate contracts for existing single-family homes, condos, and co-ops. This is a forward-looking indicator... Read More
Posted: Jun 29 2023, 14:00
Author Name: forexlive
Views: 102213

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