US Pending Home Sales YoY (Dec) Y/Y -3.0% (Prev. 2.6%)
Newsquawk Staff ·
US Pending Home Sales YoY (Dec) Y/Y -3.0% (Prev. 2.6%)
What it means
The US Pending Home Sales index shows a year-on-year decline of 3.0% in December, contrasting sharply with a previous increase of 2.6%. This significant shift indicates a potential cooling in the housing market, which could influence monetary policy considerations as it feeds into the broader growth-inflation narrative.
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