US June pending home sales data from the National Association of Realtors
- Northeast 98.5 vs 98.0 prior
- Midwest 108.3 vs 107.7 prior
- South 132.4 vs 136.5 prior
- West 98.1 vs 102.0 prior
Separately, Freddie Mac reported that US 30-year fixed mortgages were clocking in at 2.8% vs 2.78% a week earlier.
“Pending sales have seesawed since January, indicating a turning point
for the market,” said Lawrence Yun, NAR’s chief economist. “Buyers are
still interested and want to own a home, but record-high home prices are
causing some to retreat.