Friday , 22 November 2024
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US June pending home sales +4.8% vs +1.5% expected

  • Prior was -2.1%
  • Index at 74.3 vs 70.8 prior (revised to 70.9)

Strength was broad-based with the midwest, south and west all growing strongly. It’s a rare recent sign of life in the housing market, though the chart highlights how far the index has fallen.

This article was written by Adam Button at www.forexlive.com.

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