The number of pending home sales in the US decreased in December


The index of pending home sales fell to 99.0 in December. The November index, which was 2.2% higher, was revised from 101.4 to 101.2. According to analysts, the index was expected to grow by 0.5%. Unfinished contracts for the sale of housing - an indicator that is used for the forecast. These contracts become sales in 1-2 months. Sales declined to a record low in December, while real estate prices grew at the lowest rate. A 9.8% drop in pending sales was the 12th consecutive drop. Partial government shutdown did not change sales in December: 75% of realtors did not feel its influence. Consumer confidence in the real estate market has fallen due to high prices and mortgage rates, as well as a correction in the stock market.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong