U.S. Pending Home Sales Dipped 2.6% in June

New sales contracts on existing homes declined 2.6 percent from May to June as fewer Americans appeared to be in the market after expiration of a federal tax subsidy for buyers. The Pending Home Sales Index, a forward-looking indicator, fell to 75.7 based on contracts signed in June from an upwardly revised level of 77.7 in May, the NAR reported. The data reflects contracts and not closings.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.