Pending Home Sales Stronger Than Expected
The National Association of Realtors (NAR) reported that July Pending Home Sales increased by 3.3%, the consensus estimates were projecting a much smaller gain of only 0.6%. Pending Home Sales are homes that have a sales contract in place and are in the process of closing but have not yet closed.
They have now risen four out of the last five months.
Read more about this and see the projected rate summary for this week by clicking here.
Pending Home Sales Stronger Than Expected
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