Pending home sales fell by more than expected in February

Pending home sales fell by more than expected in February

US New Home Sales Fall Much More than Expected Sales of new single-family houses in the United States slumped 6.9 percent from the previous month to a seasonally adjusted annual rate of 607 thousand in January of 2019, following an upwardly revised 652 thousand in December and worse than market expectations of 620 thousand.

Pending sales are based on signed contracts that have not yet closed, so they are a gauge of future sales. SEE ALSO: Existing home sales ease in February from a 10-year high More: Pending Home Sales

Realogy’s market cap – once more than $7 billion – fell. its sales volume for the first quarter was down 9 percent.

San Antonio Real Estate Market Trends  February '19 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.

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THE TAKEAWAY: [US Pending Home Sales fell more than expected in February] > [Inventory shortage held back a further recovery in housing, while demand remains high] > [USD/CAD Bullish] The number.

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U.S. Pending Home Sales Climb More Than Expected In February By RTTNews Staff Writer | Published: 3/28/2016 10:05 AM ET Partly reflecting strong growth in the Midwest, the National Association of Realtors released a report on Monday showing a bigger than expected increase in U.S. pending home sales in the month of February.

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.

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)

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