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

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • 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

U.S. Recorded 0.3% Drop in Pending Home Sales in December

January 29, 2021 by Forex Winner Leave a Comment

U.S. Recorded 0.3% Drop in Pending Home Sales in December

Pending home sales index in the U.S slipped 0.3% in December to 125.5, according to the National Association of Realtors press release. NAR attributes the drop in pending home sales to having too few homes for sale. 

  • Contract signings rose 21.4% year over year.
  • NAR chief economist Lawrence Yun believes there is a high demand for housing and many would-be buyers, and sales would rise with more new listings.
  • The rise in demand without significant boosts in supply has driven house prices higher, and NAR expects more upward pressure on prices in the foreseeable future.
  • Yun projects existing-home sales to hit 6.49 million this year, up 15% from 5.64 million in 2020, boosted by low mortgage rates and fiscal stimulus
  • Home price appreciation will be slower, about 6.6%, as increased confidence from homebuilders will lead to more housing starts-Yun

S&P Homebuilders ETF is currently declining. XHB is down 0.96%

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News Tagged With: Home Sales, XHB

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.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

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Y2K Fashion and a Familiar Tech Rally

September 28, 2023

Bionomics Reports Successful Study of Lead Drug Candidate in PTSD

September 28, 2023

Disinflation Trend Persists, New Measures of Inflation Show

September 28, 2023

Footer

Forex Broker Reviews

FXTM

FXTM [ForexTime] Review

August 9, 2019 By Forex Winner

ufx

UFX Review

November 18, 2019 By Forex Winner

Interactive Brokers

Interactive Brokers Review

November 12, 2019 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Andre

FundedNext Review

August 16, 2023 By Andre

Topstep Forex Review

August 14, 2023 By Andre

EMAIL NEWSLETTER

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

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure