Pending Home Sales
A monthly US index of existing homes that are under contract but haven't closed yet, an early hint of…
In plain English
A monthly US index of existing homes that are under contract but haven't closed yet, an early hint of future sales.
Pending Home Sales counts contracts signed on existing (previously owned) homes during the month. Because a purchase usually closes a month or two after signing, this number tends to lead existing home sales, giving traders an early look at where housing is going.
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