Pending home sales data
- Prior was +0.2% m/m (revised to -0.8%)
- Sales -2.2% y/y vs +2.2% exp
- Prior y/y reading was +0.3% (revised to -0.7%)
The downward revisions to the prior make this much worse than it first appears.
US July pending home sales +1.3% vs +0.7% m/m expected
US July pending home sales +1.3% vs +0.7% m/m expected
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