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Pending home sales fell by more than expected in February

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A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale. Despite the bigger than expected monthly increase, NAR said pending home sales in February were still down by 4.1 percent compared to the same month a year ago.

Pending home sales rebound in February even as Realtors slash 2018 sales. home prices are still going to decline, and mortgage defaults are likely to rise. Home sales rebounded more strongly than expected in February, and the.

After reporting U.S. new home sales at their highest level in over four years in the previous month, the Commerce Department released a report on Tuesday showing that new home sales pulled back by more than expected in the month of February.

Potential homebuyers out shopping in April may have been spooked by a sharp rise in mortgage interest rates. Pending home sales, which measure signed contracts to buy existing homes, fell a wider-than-expected 1.3 percent compared to March, according to the National Association of Realtors.

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(Sharecast News) – US pending home sales fell more than expected in February, according to the latest figures from the National Association of Realtors. The NAR’s monthly index declined 1% from January to 101.9 last month, which was a little worse than expectations of a 0.5% drop.

U.S. new home sales fall more than expected in April.. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

US pending home sales fall more than expected in February. – US pending home sales fell more than expected in February, according to the latest figures from the National Association of Realtors. The NAR’s monthly index declined 1% from January to 101.9 last.