US Dollar Index stays in the positive territory around 103.40. Pending Home Sales in the US rose 1.1% in October.On Thursday, the National Association of Realtors reported this reading followed a 1% increase recorded in September (revised from 1.1%) and came in better than the market expectation for a decrease …
Read More »US Existing Home Sales fall by 5.4% in June
Existing Home Sales in the United States sharply declined for the fifth straight month in June to a seasonally adjusted annual rate of 5.12 million, the National Association of Realtors reported on Wednesday. Sales were down 5.4% and 14.2% on a monthly and yearly basis, respectively. Details of the report …
Read More »Gold Struggling Despite US Pending Home Sales Data
The US housing market continues to lose momentum with fewer Americans starting the process of buying a new home, according to the latest data from the the National Association of Realtors (NAR).Friday, the association said that its Pending Home Sales Index fell to a reading of 109.5 in January, down …
Read More »US Existing Home Sales Unexpectedly Rise In January
US Existing Home sales rose sharply according to data published by the National Association of Realtors on Friday. That took the 12-month rolling number of sales higher to 6.50M from 6.09M in December, above the expected 6.10M. The median price of homes sold was $350.3K, up 15.4% YoY. Home sales …
Read More »US Pending Home Sales fall by 3.8% in December
Pending Home Sales in the US fell by 3.8% on a monthly basis in December following November’s 2.3% decline (revised lower from a 2.2% decline), data published by the US National Association of Realtors showed on Thursday. The new data was well below expectations for a decline of 0.2% MoM. …
Read More »Market Drivers – US Session – 29 December 2021
The US Dollar Index closed the second straight day in the positive territory and continues to inch higher on Wednesday but markets are likely to remain quiet ahead of the New Year holiday.Omicron stands as a downside risk in the housing market. A reading of pending home sales also out …
Read More »October’s US Existing Home Sales Rise
Existing Home Sales in the U.S. rose 0.8% in October to a seasonally adjusted annualized rate of 6.34 million units, according to data released by the National Association of Realtors. Sales were 5.8% lower than they were in October 2020 and the current figure outpaced the originally projected 6.20 million. …
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