US Pending Home Sales Rebound in February
US pending home sales unexpectedly increased in February, bouncing off record lows, attributed to lower mortgage rates despite previous declines blamed on weather.
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US pending home sales unexpectedly rebound in February on lower mortgage rates
Read full article →US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb
US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb After reaching a record low last month - with the decline blamed on weather - pending home sales bounced modestly in February (up 1.8% MoM vs -0.6% MoM exp and -10.% MoM prior). Year-over-year home sales continue to decline (down 0.6% YoY)... Source: Bloomberg ...just barely off of all-time-record lows... Source: Bloomberg Pending home sales in the South, the biggest home-selling region in th...
By Tyler Durden
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