International Economic

US pending home sales plunge to record low

By Benjamin Chiou

Date: Thursday 29 Aug 2024

(Sharecast News) - Pending home sales in the US unexpectedly dropped in July to a record low, as elevated interest rates continued to limit affordability.
Pending sales of existing homes, which are used as indicators of upcoming sales closings, declined by 5.5% last month, the National Association of Realtors reported on...

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