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Pending home sales fell by more than expected in February

CONTRACT signings to purchase previously owned US homes fell more than estimated in February, suggesting that the prior month’s surge resulted from pent-up demand and that a sustainable recovery may take more time. The index of pending home sales fell 1 per cent from the prior month, after a downwardly revised 4.3 per cent increase in January, according to data released on Thursday from the National Association of Realtors (NAR) in Washington.

U.S. Pending home sales rebound More Than Expected In February March 29, 2018 After unexpectedly reporting a sharp drop in pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing a bigger than expected rebound in pending sales in the month of February.

Pending sales were expected. about home buying has risen, and he expects more activity in the coming months. "The Federal Reserve may cut interest rates one more time this year, but there is no.

U.S. Pending Home Sales Fell by More Than Expected in February. Bloomberg – Reade Pickert. Contract signings to purchase previously owned U.S. homes fell more than estimated in February, suggesting that the prior month’s surge resulted from.

With home price growth at the slowest rate since 2012, rates falling, and existing home sales having rebounded notably, pending home sales are expected to slow very modestly in February after rebounding in January, but they fell more than expected.. pending home sales fell 1.0% MoM (against expectations of a 0.5% decline)

 · U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market.

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U.S. Pending Home Sales Fell by More Than Expected in February Reade Pickert , Bloomberg News A potential home buyer is reflected in a mirror during an open house in Columbus, Ohio, U.S., on Sunday, Dec. 3, 2017.

A forward looking gauge of the US housing market fell less than expected last month as a tight supply of homes continued to weigh on activity. The pending home sales index fell 0.8 per cent in.

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