LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » World News

U.S. pending home sales bounce back in June

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Mon, Jul 31, 2017
08:09 pm
Reuters

Contracts to buy previously owned homes rebounded in June after three straight monthly declines, but the housing market remains constrained by a shortage of properties available for sale.

The National Association of Realtors said on Monday its Pending Home Sales Index, based on contracts signed last month, jumped 1.5 percent to a reading of 110.2. Economists had forecast pending home sales rising 0.7 percent last month.

Pending home contracts become sales after a month or two, and last month`s surge implied a pickup in existing home sales after they dropped 1.8 percent in June. The housing market has been stymied by a dearth of properties, which has pushed up prices and sidelined first-time homebuyers.

"Market conditions in many areas continue to be fast-paced, with few properties to choose from, which is forcing buyers to act almost immediately on an available home that fits their criteria," said Lawrence Yun, the NAR`s chief economist.

Pending home sales increased 0.5 percent from a year ago. In June, contracts rose 0.7 percent in the Northeast and advanced 2.1 percent in the South. They shot up 2.9 percent in the West but fell 0.5 percent Midwest.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:

LATEST NEWS

CBSE Exams 2021: Datesheet announcement and other latest details, Class 10, 12 students must know

7th Pay Commission latest news today: Big salary hike for central government employees? Centre to announce DA gift this Holi?

FAU-G Game Launch date: Good news! Release tomorrow, beats PUBG Mobile India

In chat with Anil Singhvi, Sandeep Jain recommends Goldiam International as a stock to buy

PNB account holder? Alert! Do this before March 31 or you won't be able to transfer money

Big BSNL prepaid plans offer on Republic Day 2021; just check out the benefits

HDFC Securities Budget Expectations highlights I From MNREGA, education to affordable housing, all you need to know

Your voter IDs to go digital from today; Check what is e-EPIC, how to download, features and more

Have car? You will have to pay up to Rs 5,000 fine in case of this big mistake

PUBG Mobile India launch: Important notification issued by govt | Check reason for BIG Trouble here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved