U.S. Pending Home Sales Surge to Highest Since 2005 with Debbie Bloyd

from Kerry Lutz's Financial Survival Network

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Debbie Bloyd reports: After new- and existing-home-sales soared in July, analysts expected the rebound in pending-home-sales to slow dramatically, and while it did, it beat expectations – rising 5.9% MoM (vs +2.0% expectations). This leaves pending home sales up a stunning 15.4% YoY… The biggest annual jump since Oct 2012. This is the highest level for the pending home sales index since Oct 2005…

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