​”A Sales Recovery Did Not Occur”: Pending Home Sales Crash To Record Low – Tyler Durden

“A Sales Recovery Did Not Occur”: Pending Home Sales Crash To Record Low After tumbling in April, and rebounding modestly in June, analysts expected a continued gain in pending home sales in July, but it wasn’t meant to be: moments ago the NAR reported that in July, Pending Home Sales tumbled 5.5% MoM, a huge miss to the 0.2% expected gain (and down from a 4.8% increase in June), and also slumped 4.6% YoY, a modest improvement from the 7.8% plunged in June but also missing expectations of a -2.0% drop. That dragged the Pending home sales index to 70.2%,…  — Continue at ZeroHedge News : Read More