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BREAKING: The US Pending Home Sales Index fell 5.5% month-over-month in July to its lowest level on record.
— The Kobeissi Letter (@KobeissiLetter) August 31, 2024
The index of contract signings for existing homes dropped to 70.2, coming in below all expectations.
Sales fell in all four US regions, with the largest drops in the… pic.twitter.com/ghBeHQshvq