After reporting decreases in U.S. pending home sales for six straight months, the National Association of Realtors released a report on Friday showing pending home sales unexpectedly rebounded in the month of December.
NAR said its pending home sales index jumped by 2.5 percent to 76.9 in December after tumbling by 2.6 percent to a revised 75.0 in November.
The rebound surprised economists, who had expected pending home sales to decrease by another 0.9 percent compared to the 4.0 percent nosedive originally reported for the previous month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.