​US Pending Home Sales Rebound (Modestly) From Record Lows In June – Tyler Durden

US Pending Home Sales Rebound (Modestly) From Record Lows In June After two months of ugly declines, US pending home sales bounced in June (up 4.8% MoM). However, that jump was not enough to juice YoY changes which saw sales decline 7.8% YoY… Source: Bloomberg June’s rebound pulls sales off record low levels going back to 2001… Source: Bloomberg “The rise in housing inventory is beginning to lead to more contract signings,” and more supply should hit the market in the coming months, NAR Chief Economist Lawrence Yun said in a statement. “Multiple offers are less intense, and buyers are in a…  — Continue at ZeroHedge News : Read More