USA Pending Home Sales Index For June 74.3 Vs 70.9 Prior (Revised)
Portfolio Pulse from Benzinga Newsdesk
The USA Pending Home Sales Index for June increased to 74.3 from a revised 70.9 in the previous month, indicating a rise in pending home sales.
July 31, 2024 | 2:00 pm
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POSITIVE IMPACT
The increase in the USA Pending Home Sales Index for June to 74.3 from 70.9 suggests a positive trend in the real estate market, which could boost investor confidence in the broader market.
The rise in the Pending Home Sales Index indicates a stronger real estate market, which can positively influence investor sentiment and potentially lead to a short-term increase in SPY, as it reflects the overall market performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50