• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Managed Accounts

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Contract Signings for New Homes End the Year With a 3.8% Slump

January 27, 2022 by Forex Winner Leave a Comment

Contract Signings for New Homes End the Year With a 3.8% Slump

Source: NAR

The pending home sales in the US fell by 3.8% in December from November, with contract signings declining across all regions. SPY is up +0.82%, DXY is up +0.81%.

  • On a year over year basis, contract signings for new homes fell by 6.9%.
  • The decline in pending home sales reflected diminishing supply, with few units available for buyers.
  • NAR’s chief economist Lawrence Yun expects the recent surge in mortgage rates to push aside marginal buyers. Yun expects a 2.8% reduction in existing home sales as mortgage rates continue to soar.
  • Yun says despite the December slowdown, 2021 posted a strong year in home transactions. He expects housing starts to rise to 1.65 million, while home prices are expected to surge by 5.1% in 2022.
  • The NAR economist expects rising house supply and more measured demand to play a role in bringing house prices in line with the wage increases. 

And here is a golden tip

Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

seventy one − sixty nine =

Primary Sidebar

Latest News

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

EU Consumer Confidence Plunges Lower, Eurozone Picks Up

May 20, 2022

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

German Producer Inflation Quickens to Record High as Energy Prices Climb Further

May 20, 2022

Great Britain Retail Sales Rebounds as Buying Activity Climbs

Great Britain Retail Sales Rebounds as Buying Activity Climbs

May 20, 2022

Best Forex Robots

  1. Happy Forex 8.0
  2. Forex Fury 7.7
  3. Promax Gold EA 6.8
  4. Gump EA 6.4
  5. Forex inControl Reborn 6.0

Footer

Forex Broker Reviews

forex.com

Forex.com Review

April 17, 2019 By Forex Winner

spreadex

Spreadex Review

November 4, 2019 By Forex Winner

Charles Schwab

Charles Schwab Review

May 22, 2019 By Forex Winner

Forex Robot Reviews

Genius Asset Review

Genius Asset Review

May 19, 2022 By Forex Winner

My Forex Path Review

My Forex Path Review

May 12, 2022 By Forex Winner

Powerhouse EA

Powerhouse EA Review

April 29, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure