U.S. Pending Home Sales Unexpectedly Tumble To Six-Month Low
rttnews·- The National Association of Realtors reported that pending home sales in the United States unexpectedly fell by 2.3% in July to 71.2, reaching a six-month low. - This decline follows a downwardly revised 4.8% drop in June to 72.9. - Economists had previously anticipated a rebound with a 1.4% increase instead of the further contraction.ICE says US mortgage holder equity hits record $18 trillion
PUBT·- According to the ICE Mortgage Monitor report, US mortgage holders' net equity reached a record high of $ 18 trillion in the second quarter due to rebounding home prices. - Out of 47,500,000 borrowers, total extractable equity hit $ 11.7 trillion, averaging approximately $ 212,000 per borrower. - Meanwhile, underwater borrowers increased by 44 % year-over-year to 813,000, and conforming loan borrowers faced a 38 basis point rate spread in 2026.