Key Insights
- Pending Home Sales grew by 1.1% month-over-month in September.
- Pending Home Sales increased despite rising interest rates, which is bullish for U.S. dollar.
- SP500 remains under pressure as the strong pullback continues, while gold traders are waiting for news from the Middle East.
On October 26, the National Association of Realtors released Pending Home Sales report for September. The report indicated that Pending Home Sales increased by 1.1% month-over-month, compared to analyst consensus of -1.8%.
On a year-over-year basis, Pending Home Sales declined by 11%, while analysts expected that they would decrease by 16%.
The National Association of Realtors commented: “Despite the slight gain, pending contracts remain at historically…
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