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US Pending Home Sales Report Reveals 1.8% Increase in May
Pending home sales increased by 1.8% in May from the prior month and 1.1% year-over-year, according to the National Association of REALTORS® Pending Home Sales report. All four U.S. regions experienced month-over-month increases – most notably the West. Year-over-year, contract signings rose in the Midwest and South, while they fell in the Northeast and West. This report equips real estate professionals who are REALTORS® with valuable information that helps them serve their clients and get to their next transaction. "Consistent job gains and rising wages are modestly helping the housing market," said NAR Chief ... (full story)
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From abcnews.go.com|Jun 26, 2025|6 commentsThe U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in a ...
From clevelandfed.org|Jun 26, 2025Good morning and thank you all for joining us at the seventeenth Policy Summit. I’m honored to welcome you to our marquee community development event—my first as president and CEO of the Federal Reserve Bank of Cleveland.1 If this is your first visit to our fair city, let me assure you Cleveland does indeed rock. I highly recommend exploring some of what this vibrant city has to offer in one of our loveliest weather months. The Rock and Roll Hall of Fame is just down the street, as is Progressive Field, where I happen to know the Guardians are playing home games over the next couple of days. But while we are participating in the summit, I’d like to acknowledge we wouldn’t all be together in person, or virtually, if it wasn’t for the efforts of the Cleveland Fed’s community development staff and our Reserve Bank and community partners. The Federal Reserve System’s Community Development Departments aim to promote economic growth and financial stability. We are honored to welcome representatives from each of the reserve banks to this summit, and I’m especially grateful to the Federal Reserve Banks of Atlanta, Boston, Chicago, Dallas, Kansas City, New York, Philadelphia, Richmond, and St. Louis for supporting the planning and execution of the event. Your dedication and collaboration made this ambitious program a reality. I’d like to recognize and thank Federal Reserve Governors Michael Barr and Lisa Cook for joining us. Governor Barr is the Community Development Oversight Governor for the Board of Governors and will share some remarks about the System’s community development efforts this afternoon. And Governor Cook will join me tomorrow for our 2025 Fed Listens session. We hope all of you will take part in that productive conversation about how monetary policy affects your lives and the lives of the people you know and serve. And before I continue, I note that the v Fed's Hammack does not comment on economy, monetary policy outlook.
From conference-board.org|Jun 26, 2025The Conference Board Leading Economic Index®(LEI) for China decreased by 0.3% in May 2025 to 148.9 (2016=100), after decreasing by 0.5% in April. As a result, the LEI declined by ...
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From channelnewsasia.com|Jun 26, 2025The Iranian body tasked with vetting legislation approved a Bill to suspend cooperation with the United Nations nuclear watchdog on Thursday (Jun 26), citing recent United States ...
From morningstar.com|Jun 26, 2025Flush of Boeing contrasts mask weakness in business investment The numbers: Orders for long-lasting goods skyrocketed 16% in May to mark the biggest increase in 11 years, but the ...
From boereport.com|Jun 26, 2025As the first half of the year closes, financial markets are in limbo, waiting to see how the kaleidoscope of global trade deals will – or won’t – come together after July 9, when ...
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