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U.S. Economy

US Pending Home Sales MoM (Jun) M/M -5.4% vs. Exp. -0.3% (Prev. 3.8%)

StockNow breaking-news AI analysis

June pending home sales saw a sharp 5.4% decline, far worse than expected, as high mortgage rates and record-high prices continue to pressure buyer affordability despite tight inventory levels.

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Inventory/Sales ratio 1.28 months (prev. 1.30months M/M)

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