US Pending Home Sales Fall More Than Expected

A classic colonial-style home in Atlanta (AP)

Wednesday, 30 July 2025 10:39 AM EDT ET

Contracts to buy previously owned U.S. homes dropped more than expected in June, weighed down by higher mortgage rates.

The National Association of Realtors said on Wednesday pending home sales, based on signed contracts, fell 0.8% last month. Economists polled by Reuters had forecast contracts, which become sales after a month or two, advancing 0.3%. Pending home sales decreased 2.8% from a year earlier.

"The data shows a continuation of small declines in contract signings despite inventory in the market increasing," said Lawrence Yun, the NAR's chief economist.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
Contracts to buy previously owned U.S. homes dropped more than expected in June, weighed down by higher mortgage rates.The National Association of Realtors said on Wednesday pending home sales, based on signed contracts, fell 0.8% last month.
home, sales, mortgages, prices
88
2025-39-30
Wednesday, 30 July 2025 10:39 AM
Newsmax Media, Inc.

View on Newsmax