US December pending home sales +2.5% vs -0.9% expected

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US December pending home sales +2.5% vs -0.9% expected

<ul><li><a href="https://www.forexlive.com/news/us-pending-home-sales-for-november-4-versus-08-last-month-20221228/" target="_blank" rel="follow">Prior </a>was -4.0% (revised to -2.6%)</li><li>Index 76.9 vs 73.9 prior</li><li>This is the first improvement since May</li><li><a href="https://www.nar.realtor/newsroom/pending-home-sales-increased-2-5-in-december-ending-six-month-slide" target="_blank" rel="nofollow">Full report</a></li></ul><p>This is December data but there's increasing talk of better home-buying traffic in January as consumers see rates in the low 6s.</p><p>"This recent low point in home sales activity is likely over," said NAR Chief Economist Lawrence Yun. "Mortgage rates are the dominant factor driving home sales, and recent declines in rates are clearly helping to stabilize the market."</p><p>If you're bearish on US housing, you might want to have a look at lumber:</p>

                This article was written by Adam Button at www.forexlive.com.

Source: US December pending home sales +2.5% vs -0.9% expected

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