U.S. pending home sales better-than-expected in in July

Market news

28 August 2014

U.S. pending home sales better-than-expected in in July

The National Association of Realtors (NAR) released pending home sales figures on Thursday. The U.S. pending home sales rose 3.3% in July, exceeding expectations for a 0.6% gain, after a 1.3% fall in June. June's figure was revised down from a 1.1% decline.

That was the highest level since August 2013.

NAR reported that low mortgage rates, moderating home-price growth and more homes for sale were supporting sales.

Gold: an overview of the market situation

U.S.: Pending Home Sales (MoM) , July +3.3% (forecast +0.6%)

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