Pending US Home Sales decline against expectations

direct: Pending home sales declined in the US, contrary to analysts’ expectations, over the past month.

And data released by the National Association of Realtors showed, on Monday, that the US Pending Home Sales index fell by 1.1 percent over the past month, to 128.9, compared to the previous month.

Analysts had expected that pending home sales in the US would rise by 1.1 percent over the past month.

“Momentum is still hanging over the housing market, but we may be starting to see that rising house prices may hurt affordability,” said National Association chief economist Lawrence Yun.

On an annual basis, the US Pending Home Sales index increased by 20.2 percent last month compared to the same period in 2019.

By 4:05 PM GMT, the main dollar index, which measures the currency’s performance against 6 major currencies, was up 0.1 percent at 91.71.

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