US home sales rose more than expected

The National Association of Realtors (NAR) has announced its Pending Home Sales Index for January.

As a result, the US Pending Home Sales Index rose 8.1 percent in January from the previous month to 82.5.

In this period, the data, which rose above market expectations, was expected to rise 1 percent. Pending home sales, which showed the highest monthly increase since June 2020, rose 1.1 percent per month in December last year.

Sales fell 24.1 percent on-year in January.

IT IS SET TO REMAIN FIXED

NAR Chief Economist Lawrence Yun, whose views are included in the statement, said that annual increases in home sales will not occur until 2024 and that home prices will remain stable in most regions of the world. country, with a slight change in the national median of home prices. .

US Pending Home Sales data shows the change in the number of homes sold and signed but pending due to the closing process not being completed. (AA)