April 27 (Reuters) – Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a caution flag about what had appeared to be a nascent recovery in a housing market that has been clobbered by rising interest rates.
Pending Home Sales Unexpectedly Declined in March
Pending home sales continued to fall in October, recording a 4.6% month-over-month drop that resulted in an index reading of 77.1, according to data released Wednesday by the National Association of Realtors. This is the […]
January was a refreshingly strong month for many economic reports, but especially for metrics relating to the housing and mortgage markets. This wasn’t too hard to reconcile with December and January having much lower mortgage […]
Pending home sales in December recorded an 8.3% spike, according to data from the National Association of Realtors (NAR). The Pending Home Sales Index, NAR’s forward-looking indicator of home sales based on contract signings – […]
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