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September 2015 US pending home sales -2.3% vs +1.0% exp

Discussion in 'Market News' started by ForexLive, Oct 29, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Details of the latest US pending home sales data report for September 2015 - Prior -1.4% - 2.5% vs 7.3% exp y/y. Prior 6.7%. Revised to 6.6% Although not usually market moving, the data does show important sentiment in housing. The NRA report that a lack of selection and stricter lending may be dissuading some people from trading up homes. That's also something that may be affecting first time buyers too. They note "there's a dearth of available listings at the lower end of the market for first time buyers"

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