posted at 06:50
Author Name: Sam Ro
Pending Home Sales, May 2014
At 10:00 a.m., we'll get the May pending home sales report. Economists estimate sales climbed 1.2% in May. "New home sales jumped higher in May while mortgage purchase applications edged up," noted Bank of America Merrill Lynch economists. "The combination of the increase in supply of existing homes and lower mortgage rates should support sales of existing properties."

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