December pending home sales data

  • Prior was +0.2% m/m (revised to +0.3%)
  • Sales -1.8% y/y vs +1.7% y/y expected
  • Prior y/y +0.6%

Big miss on the year-over-year reading, which suggests some kind of big revision because the m/m number was bang-on (and even a bit strong with the revision).