Pending home sales for June
- First rise in three months
- Sales -4.0% y/y
- All four major US regions show growth
- NAR cuts 2018 existing home sales forecast to 5.46m from 5.49m
This is a slice of good news on housing after months of poor numbers. But as the y/y number shows, it's not as booming as some of the economic numbers would lead you to believe.