Open Demo Account
Home / Market Update / U.S. Pending Home Sales Surge in May

U.S. Pending Home Sales Surge in May

M. Ali 30 June, 2021 7:17 pm Market Update

U.S. pending home sales increased last month to its highest level since 2005, data showed on Wednesday.

The Pending Home Sales Index rose by 8.0% in May to 114.7, according to data by the National Association of Realtors.

The surge in the gauge of contracts signed last month came against market expectations, with a recent Reuters poll forecasting pending home sales would decrease by 0.8%.

On an annual level, pending home sales grew by 13.1%.

Tags

Check Also

Dow Ends Strong Year with Slight Dip as Investors Reflect on 2025

Stocks Pull Back Modestly Amid Year-End Adjustments: The Dow Jones Industrial Average softened on the …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends