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.
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