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US pending home sales -0.9% vs +0.7% exp

Discussion in 'Market News' started by ForexLive, Dec 30, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Nov pending home sales data from the National Association of Realtors - Sales -0.9% - +0.7% expected - Prior +0.2% (revised to +0.4%) - Sales up 5.1% y/y vs +4.0% exp The soft month-over-month reading and strong year-over-year reading don't add up. An earlier report of existing home sales was also weak but there are few genuine concerns about the housing market.

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