US June Pending Home Sales Rose 1.5%, Low Inventory Continues

US pending home sales rose 1.5% in June compared with expectations of a 0.8% gain for the month. The May data was revised slightly to show a 0.7% decline on the month to give a year-on-year increase of 0.5%, the first annual gain for three months. Sales in the Northeast, South and West increased...

US June Pending Home Sales Rose 1.5%, Low Inventory Continues