US July pending home sales
- Prior was -1.9%
- Sales -8.5% y/y
- Index at 110.7 vs 112.8 prior
- Full release
Sales in the West rose but they fell elsewhere, particularly in the northeast.
"Pending sales have seesawed since January, indicating a turning point for the market," said Lawrence Yun, NAR's chief economist. "Buyers are still interested and want to own a home, but record-high home prices are causing some to retreat.
