2:02 PM · 30 October 2024

BREAKING: pending home sales report shows strong rebound on a monthly basis 🔨

03:00 PM BST, United States - Pending Home Sales for September:

actual 7.4% MoM; forecast 1.9% MoM; previous 0.6% MoM;

03:00 PM BST, United States - Pending Home Sales Index for September:

actual 75.8; previous 70.6;

In the home sales, we're seeing a significant monthly rebound. On one hand, this is a positive sign of economic strength, but on the other, better data could have an inflationary effect on property prices. Nevertheless, a single report does not yet confirm a longer trend reversal.

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