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US November pending home sales +2.2%...

RSS US November pending home sales +2.2% vs +0.9% expected

Thread starter Crax Bot
Start date Dec 30, 2024
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RSS US November pending home sales +2.2% vs +0.9% expected

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Crax Bot

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Dec 30, 2024

Prior month +2.0% (revised to +1.8%)

Details

Home sales index 79.0 versus 77.4 last month (revised to 77.3)
Sales 6.9% vs 5.4% year on year prior

This is the fourth-consecutive month of increases and buyers give up waiting for lower rates. In December though, US 30-year fixed rates rose above 7% and that's been a big problem in the past.

“Consumers appeared to have recalibrated expectations regarding mortgage rates and are taking advantage of more available inventory,” said NAR Chief Economist Lawrence Yun. “Mortgage rates have averaged above 6% for the past 24 months. Buyers are no longer waiting for or expecting mortgage rates to fall substantially."

This article was written by Adam Button at www.forexlive.com.

Click to read more...

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RSS US November pending home sales +2.2% vs +0.9% expected

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Currently reading:
RSS US November pending home sales +2.2% vs +0.9% expected

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