Pending home sales for May are out at 10 a.m. ET.
Economists polled by Bloomberg are looking for pending home sales to rise 1% month-over-month and 8.3% year-over-year.
Pending home sales climbed 0.3% on the month and 13.9% on the year in April.
Investors watch this number because it is considered a leading indicator of the housing market.
This looks at all homes where a contract has been signed but the sale is not complete.
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