Tag Archives: Pending Homes Sales
Will the S&P/Case-Shiller Reverse The Trend Or Are Spreads The True Indicator?
Today’s Pending Home Sales for June month-over-month came in lower than the expected 0.5% at a -1.1%. The prior May number was a 6.1% later revised to a 6.0%. Tomorrow the S&P/Case-Shiller 20-City Composite Home Price Index is due for release at 9am. Heading into the release, the spread of the S&P/ISDA CDS U.S. Homebuilders…
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