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    Home » U.S. Pending Home Sales Cools Down in June
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    U.S. Pending Home Sales Cools Down in June

    August 30, 20211 Min Read
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    Housing market decline and lower real estate home sales
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    Pending sales of existing homes in July as measured by signed contracts dropped 1.8% from June.

    • The Northeast PHSI dropped 6.6% in July to the level of 92.0, which is still a 16.9% increase from the same period a year ago. 
    • The Midwest index value has dropped by 3.3% to 104.6 in the last month, which is 8.5% down compared to July 2020. 
    • 40% of multiple listing service data are used as a sample to include in the idex every month.
    • Pending home sales transactions in the South were down 0.9% to the level of 130.9 in July, down 6.7% from a year ago. 
    • The Western index rose 1.9% in July to 99.8, but still down 5.7% from a year before.

    The curious fact is that the existing-home sales volume fell within the range of 5.0 to 5.5 million twenty years ago in 2001, which is considered normal for the current U.S. population.

    DXY up +0.06%, EUR USD down -0.04%Source: National Association of Realtors

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