FOREX TradingCharts.com

Financial News: U.S. Pending Home Sales Unexpectedly Rebound In May

U.S. Pending Home Sales Unexpectedly Rebound In May

06/26/2025 - 10:37:00 (RTTNews)

(RTTNews) - The National Association of Realtors released a report on Thursday showing an unexpected rebound by pending home sales in the U.S. in the month of May.

NAR said its pending home sales index jumped by 1.8 percent to 72.6 in May after tumbling by 6.1 percent to a revised 71.3 in April.

Economists had expected pending home sales to dip by 0.3 percent compared to the 6.3 percent plunge originally reported for the previous month.

"Consistent job gains and rising wages are modestly helping the housing market," said NAR Chief Economist Lawrence Yun. "Hourly wages are increasing faster than home prices."

He added, "However, mortgage rate fluctuations are the primary driver of homebuying decisions and impact housing affordability more than wage gains."

The rebound by pending home sales partly reflected strength in the West, where pending home sales surged by 6.0 percent.

Pending home sales in the Northeast also shot up by 2.1 percent, while pending home sales in the South jumped by 1.0 percent and pending home sales in the Midwest rose by 0.3 percent.

A separate report released by the Commerce Department on Wednesday showed a substantial pullback by new home sales in the U.S. in the month of May.

The Commerce Department said new home sales plunged by 13.7 percent to an annual rate of 623,000 in May after spiking by 9.6 percent to a revised rate of 722,000 in April.

Economists had expected new home sales to tumble by 7.1 to an annual rate of 690,000 from the 743,000 originally reported for the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Russia Slashes Interest Rates Again On Easing Price Pressures (07 hr(s), 45 min(s), 59 sec(s) ago)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story»

UK Retail Sales Rebound As Warm Weather Boosts Spending (09 hr(s), 12 min(s), 59 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story»

Eurozone Bank Lending Growth Improves (10 hr(s), 05 min(s), 59 sec(s) ago)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story»

Russia Central Bank Cuts Interest Rate By 200 Bps (11 hr(s), 06 min(s), 59 sec(s) ago)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story»

German Business Sentiment Strongest In More Than A Year (11 hr(s), 44 min(s), 59 sec(s) ago)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story»

French Consumer Sentiment Improves Marginally (12 hr(s), 34 min(s), 59 sec(s) ago)
(RTTNews) - French consumer confidence improved marginally in July, monthly survey results from th ...Full Story»

Singapore Industrial Production Recovers In June (14 hr(s), 05 min(s), 59 sec(s) ago)
(RTTNews) - Singapore's industrial production growth accelerated in June, figures from Economi ...Full Story»

UK Retail Sales Recover In June (15 hr(s), 02 min(s), 59 sec(s) ago)
(RTTNews) - UK retail sales recovered in June as warm weather boosted food and non-food store sale ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Russia Slashes Interest Rates Again On Easing Price Pressures

07/25/2025 - 10:16 AM (RTTNews)
(RTTNews) - Russia's central bank lowered the key interest rate massively for a second policy ...Full Story>>

UK Retail Sales Rebound As Warm Weather Boosts Spending

07/25/2025 - 08:49 AM (RTTNews)
(RTTNews) - UK retail sales recovered in June as warm weather boosted consumer spending but consum ...Full Story>>

Eurozone Bank Lending Growth Improves

07/25/2025 - 07:56 AM (RTTNews)
(RTTNews) - Eurozone bank lending increased at a faster pace in June despite trade tariff concerns ...Full Story>>

Russia Central Bank Cuts Interest Rate By 200 Bps

07/25/2025 - 06:55 AM (RTTNews)
(RTTNews) - Russia's central bank slashed its benchmark rate by 200 basis points on Friday cit ...Full Story>>

German Business Sentiment Strongest In More Than A Year

07/25/2025 - 06:17 AM (RTTNews)
(RTTNews) - German business confidence improved to the highest level in more than a year in July d ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.