- Prior month +2.0%
- Pending home sales 6.1 vs 1.0% estimate
- Index 76.5 vs 72 last month
According to NAR Chief Economist Lawrence Yun, “Home buyers are acutely sensitive to even minor fluctuations in mortgage rates. While contract signings are not a guarantee of eventual closings, the solid rise in pending home sales implies a sizable build-up of potential home buyers, fueled by ongoing job growth.”
This article was written by Greg Michalowski at www.forexlive.com.
