Welcome to our new blog, we hope you like the new layout and easier to find URL. ending home sales came through rising 1.6% month over month, better than the 1.0% expected forecast. Year-over-year contract signings jumped 2.48%.
Experts were forecasting pending home sales to increase by 0.5% month over month but saw an even more solid beat, rising 2.8% month over month. Sales were 1.6% higher compared than last year, June 2018, and it also was the first annual gain in 17 months,
Pending home sales dropped 2.2% month over month versus a 0.5% expected increase. This is it lowest since 2014 in December. This is the 12th month in a row of annual sales declines deflating the bubbling and the biggest annual drop in 5 years.