US Pending home sales rose 0.9% in June but analyst at Wells Fargo point out that remain down 2.5% from last June. They see that sales continue to be hampered by the lack of homes for sale but the drag from low inventories may be fading. Key Quotes: “Pending home sales, which measure purchase contracts for existing homes, rose 0.9 percent in June. This marks the first increase since March, although all of May’s 0.5 percent drop was concentrated in the South, which plunged 3.5 percent.” “Pending home sales tend to lead existing home sales by one to two months, so June’s improvement bodes well for existing home sales, which measure closings, in July and August. “Affordability concerns have clearly cooled buyer interest but may be bringing out more sellers. Tax law changes may be contributing to rising inventories of higher-priced homes in some areas.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Technical Analysis: EUR/USD breaking to daily highs at 1.1720 level FX Street 5 years US Pending home sales rose 0.9% in June but analyst at Wells Fargo point out that remain down 2.5% from last June. They see that sales continue to be hampered by the lack of homes for sale but the drag from low inventories may be fading. Key Quotes: "Pending home sales, which measure purchase contracts for existing homes, rose 0.9 percent in June. This marks the first increase since March, although all of May's 0.5 percent drop was concentrated in the South, which plunged 3.5 percent." "Pending home sales tend to lead existing home sales by one to two… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
