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Pending Home Sales Drop to 2nd Lowest on Record, Plunge to Record Low in the West, to Near-Record Low in the South
Summary by Wolf Street
9 Articles
9 Articles
US Pending Home Sales Slide to Weakest Since Start of the Year
·New York, United States
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The pending home sales index in the United States, a leading indicator of home sales based on signed contracts, fell 2.3% in July to 71.2 points, after registering a 5.4% drop in June. The data is from the National Association of Realtors (NAR). The result was below the average estimate of a group of analysts, which pointed to a 0.6% increase. Compared to the same period last year, there was a 2.2% decrease.
·Rio de Janeiro, Brazil
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Pending home sales unexpectedly plunge in July as mortgage rates hit contract signings
U.S. Pending Home Sales Index decreased 2.3% M/M to 71.2 in July, compared to +1.4% consensus and the 4.8% decline recorded in June (revised from 5.4%), according to data released by the National Association of Realtors on Tuesday.
·Ra'anana, Israel
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Coverage Details
Total News Sources9
Leaning Left0Leaning Right5Center2Last UpdatedBias Distribution71% Right
Bias Distribution
- 71% of the sources lean Right
71% Right
C 29%
R 71%
Factuality
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