Pending home sales house for sale
  • Prior was +0.6%
  • Prices +7.4% y/y vs +7.3% expected

FHFA data:

  • +0.1% m/m vs +1.2%
  • Prices +6.7% y/y vs +7.1% prior

I showed a pair of charts yesterday that highlight the puzzle around how housing prices and rents will interact in the months and years ahead.