U.S pending home sales stepped back in July and have now fallen on an annual basis for seven straight months

Market news

29 August 2018

U.S pending home sales stepped back in July and have now fallen on an annual basis for seven straight months

Pending home sales stepped back in July and have now fallen on an annual basis for seven straight months, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 0.7 percent to 106.2 in July from 107.0 in June. With last month's decline, contract signings are now down 2.3 percent year-over-year.

EU's Barnier says we are prepared to offer a partnership with Britain such as has never been with any other third country. Pound rally on the news

U.S.: Pending Home Sales (MoM) , July -0.7% (forecast 0.3%)

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