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After increasing 5.3% in June, pending home sales likely edged down 1.3% in July

Posted by BBVA Bancomer in September 9th 2008  
Pending Home Sales Index (July, Tuesday 10:00 ET) F: -1.3% C: -1.5% P: 5.3% After increasing 5.3% in June, pending home sales likely edged down 1.3% in July. In part, this downfall reflected a weaker activity during the summer months. It seems that pending home sales bottomed at 83 points back in March 2008. Since then, the index has jumped six points, suggesting that new home sales could stop falling and even improve slightly in the next few months. Import Prices Index (August, Thursday 8:30 Read More...

Filed under: Fundamental