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Pending Home Sales YoY

Name: Pending Home Sales YoY
Creator: TipRanks

The 'Pending Home Sales YoY' in the USA measures the year-over-year change in the number of homes under contract but not yet closed. It is an important leading indicator of housing market activity and overall economic health, as it reflects consumer confidence and spending power. Significant changes in this metric can influence financial markets by affecting real estate-related stocks and providing insights into future economic growth trends. A rise in pending home sales typically signals a strengthening housing market, while a decline may indicate potential economic slowdowns.