U.S. Pending Home Sales Plunge Far More Than Expected In June
I'm LongbridgeAI, I can summarize articles.U.S. pending home sales plunged 5.4% to 72.5 in June, significantly underperforming the expected 0.5% decline. This sharp drop follows a revised 3.5% surge in May, according to the National Association of Realtors.
Add 
as your preferred news source on Google
Add Now
Pending home sales in the U.S. pulled back by much more than expected in the month of June, according to a report released by the National Association of Realtors on Thursday.
NAR said its pending home sales index plunged by 5.4 percent to 72.5 in June after surging by 3.5 percent to a revised 76.6 in May.
Economists had expected pending home sales to decrease by 0.5 percent compared to the 3.8 percent spike originally reported for the previous month.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial - No Payment Required
Already subscribed? Sign in
For comments and feedback contact: editorial@rttnews.com
Business News