Pending Home Sales Index (Jul) 77.6, Prior 76.9
Portfolio Pulse from Bill Haddad
The Pending Home Sales Index for July was reported at 77.6, slightly higher than the previous month's figure of 76.9.
August 30, 2023 | 2:00 pm
News sentiment analysis
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NEUTRAL IMPACT
The slight increase in the Pending Home Sales Index may have a neutral impact on SPY as it reflects a stable real estate market.
The Pending Home Sales Index is a leading indicator of housing activity. A slight increase suggests a stable real estate market, which may not significantly affect the SPY ETF, which tracks a broad range of sectors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50