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 the country, increased 2.7%.
They rose 4.6% in the Midwest and edged up in the West.
Contract signings dropped in...
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