Aug
31
Pending Sales of U.S. Existing Homes Rise, Led by Demand in West
ByContracts to purchase previously owned U.S. homes increased more than forecast in July, indicating further strength in the housing market, according to figures released Wednesday by the National Association of Realtors in Washington.
Key Points
- Pending home sales rose 1.3 percent (median forecast was for 0.7 percent gain) after a 0.8 percent decline in June that was previously reported as a 0.2 percent advance
- Contract signings fell 2.2 percent from July 2015 on an unadjusted basis, the biggest year-over-year drop since November 2014
- Pending sales index in West jumped 7.3 percent to 108.7, the highest level since June 2013…
Pending Sales of U.S. Existing Homes Rise, Led by Demand in West
