{"id":1480657,"date":"2024-07-31T14:05:46","date_gmt":"2024-07-31T18:05:46","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1480657"},"modified":"2024-07-31T14:05:46","modified_gmt":"2024-07-31T18:05:46","slug":"us-pending-home-sales-rebound-modestly-from-record-lows-in-june","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/us-pending-home-sales-rebound-modestly-from-record-lows-in-june\/1480657\/","title":{"rendered":"US Pending Home Sales Rebound (Modestly) From Record Lows In June"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">US Pending Home Sales Rebound (Modestly) From Record Lows In June<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>After two months of ugly declines, <strong>US pending home sales bounced in June<\/strong> (up 4.8% MoM). However, that jump was not enough to juice YoY changes which saw <strong>sales decline 7.8% YoY&#8230;<\/strong><\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm3514.jpg?itok=FWwXWmOg\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p>June&#8217;s rebound pulls sales off record low levels going back to 2001&#8230;<\/p>\n<p><a href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm3713.jpg?itok=hUYXiipk\"><\/a><\/p>\n<p><em>Source: Bloomberg<\/em><\/p>\n<p><strong><em>\u201cThe rise in housing inventory is beginning to lead to more contract signings,\u201d and more supply should hit the market in the coming months, <\/em><\/strong><em>NAR Chief Economist\u00a0Lawrence Yun\u00a0said in a statement. <\/em><\/p>\n<p><strong><em>\u201cMultiple offers are less intense, and buyers are in a more favorable position.\u201d<\/em><\/strong><\/p>\n<p>The pending-sales figures tend to be a leading indicator of sales of previously owned homes, because houses typically go under contract a month or two before they\u2019re sold.<\/p>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" class=\"username\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Wed, 07\/31\/2024 &#8211; 10:05<\/span><\/p>\n<p>\u200b<a href=\"https:\/\/www.zerohedge.com\/personal-finance\/us-pending-home-sales-rebound-modestly-record-lows-june\" target=\"_blank\" class=\"\" rel=\"noopener\">https:\/\/www.zerohedge.com\/personal-finance\/us-pending-home-sales-rebound-modestly-record-lows-june<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Pending Home Sales Rebound (Modestly) From Record Lows In June After two months of ugly declines, US pending home sales bounced in June (up&#8230;<\/p>\n","protected":false},"author":0,"featured_media":1480658,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1480657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1480657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1480657"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1480657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1480658"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1480657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1480657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1480657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}