Feb
29
Pending Sales of U.S. Existing Homes Fall by Most in Two Years
By-
Contract signings decline in three of four U.S. regions
-
Realtor group’s Yun says low inventory holding back buyers
Contracts to purchase previously owned homes unexpectedly dropped in January by the most in two years, representing a setback in residential real estate leading up to the spring selling season.
The pending home sales index fell 2.5 percent, the biggest drop since December 2013, after a 0.9 percent increase a month earlier that was larger than initially reported, the Washington-based National Association of Realtors said Monday. The median projection in a Bloomberg survey of economists called for the January index to rise 0.5 percent…
Pending Sales of U.S. Existing Homes Fall by Most in Two Years
