U.S. Pending Home Sales Plunge Far More Than Expected In June
Complete. Here is the key summaryU.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.
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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.
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