US Pending Home Sales Index Slides to Record Low on High Rates

📆 6/27/2024 2:54 PM
📰 BNNBloomberg

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An index of US pending existing-home sales unexpectedly fell in May to the lowest level on record as elevated mortgage rates and high prices discouraged prospective buyers.

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US Pending Home Sales Gauge Slumps to a Four-Year Low on RatesA gauge of pending US existing-home sales tumbled to a four-year low in April as higher mortgage rates cast a pall on the spring selling season.
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