Pending home sales in the U.S. unexpectedly saw a steep drop in the month of May, according to a report released by the National Association of Realtors on Thursday.NAR said its pending home sales index tumbled by 2.7 percent to 76.5 in May after falling by 0.4 percent to a revised 78.6 in April.Economist had expected pending home sales to inch up by 0.2 percent compared to the unchanged reading o...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.