Pending Home Sales Crush Expectations With An 8.2% Jump

Home Alone house

Photo: The Fiscal Times: Life + Money

Headline: 8.2% month-over-month growthExpectations: 3.0% month-over-month gain

Analysis: Pending home sales came in better than expected, and rose substantially year-over-year, up 15.5%.

Notably, this month’s improvement comes after a weak April, in which home sales fell 11.3% month-over-month, and 26.6% year-over-year.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.