After reporting a notable increase in U.S. existing home sales in the previous month, the National Association of Realtors released a report on Tuesday showing existing home sales pulled back by much more than anticipated in the month of June.
NAR said existing home sales tumbled by 1.7 percent to annual rate of 5.27 million in June after soaring by 2.9 percent to an upwardly revised rate of 5.36 million in May.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.