- Prior month +6.1% revised to 5.5%
- Pending home sales for April -6.3% versus -1.0% estimate
- pending home sales index 71.3 versus 76.1 (revised from 76.5)
- Sales are down -2.5% year over year
- The 30-year fixed mortgage rate is near 6.98% which is putting a brake on sales
Regionally,
- Northeast -0.6%
- West -9%
- Midwest -5%
- South -8.0%
This article was written by Greg Michalowski at www.forexlive.com.