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Pending home sales fell by more than expected in February

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The pending home sales index in the northeast fell 0.8% to 92.1 in February, while the index for the Midwest was down 7.2% to 93.2. For the South, the index ticked up 1.7% to 121.8 last month, while the gauge for the West rose 0.5% to 87.5.

U.S. Pending Home Sales Rise Modestly in November 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.

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.

Inventory keeps contracting as higher rates deter sellers: Redfin September market stats were published by the NWMLS today. Home prices have leveled off as sales continue to slip and inventory piles up. Year-over-year listing growth hit its highest level ever as the number of homes on the market reached its highest level since January 2012.Mortgage growth in Canada hasn’t been this weak since 2001 Total residential mortgage credit grew just 0.3% on average over the last three months, according to new data from the Bank of Canada. Representing the slowest rate since 2001, this was down from 0.47% at the end of 2017, and about half the average 0.57% pace seen over the past twenty years.

U.S. Pending Home Sales Fell by More Than Expected in February March 28, 2019 March 28, 2019 The data add to a mixed picture of the U.S. housing market; increased demand for homes in coming months.

A separate report this week showed new-home groundbreakings fell in February by the most in eight months, while other data indicate existing home sales rebounded last month to the best pace in almost a year.

An "Open House" sign is displayed outside a new home construction at the Creeks of Legacy development in Prosper, Texas, U.S. (Photographer: Laura Buckman/Bloomberg) U.S. Pending Home Sales Fell by More Than Expected in February

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Home > Newsletter > U.S. Pending Home Sales Fell by More Than Expected in February U.S. Pending Home Sales Fell by More Than Expected in February The data add to a mixed picture of the U.S. housing market; increased demand for homes in coming months.

The bigger than expected rebound in pending home sales was partly due to a spike in the Northeast, where pending sales surged up by 10.3 percent. Pending home sales in the South also climbed by 3.

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"As a whole, these numbers indicate that a cyclical low in sales is in the past but activity is not matching the frenzied pace of last spring," NAR Chief Economist Lawrence Yun said in a statement..

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