June US pending home sales from the National Association of Realtors
- First gain in four months
- Prior was -0.8% (revised to -0.7%)
- Sales up +0.7% y/y vs +0.7% prior
That's a strong month to erase the dip in May. Regionally, the South and West were pretty much responsible for all of the strength.
"Market conditions in many areas continue to be fast-paced, with few properties to choose from, which is forcing buyers to act almost immediately on an available home that fits their criteria," said Lawrence Yun, the NAR's chief economist.
