Pending home sales fell by more than expected in February

Pending home sales fell by more than expected in February

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Sales of new U.S. single-family homes increased to an 11-month high in. Apartment rental demand soars as more millennials believe it's.. Economists polled by Reuters had forecast new home sales, which account. The median new house price fell 3.6 percent to $315,300 in February from a year ago.

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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.

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 release of the January new home sales report was delayed by a 35-day partial shutdown of the federal government that ended on Jan 25. February’s new home sales. The median new house price fell.

U.S. Pending Home Sales Rise Modestly in November Pending home sales fell 1.6% on the month in August, falling for the fourth straight month. missing expectations for a 1 percent fall. They were also up a more modest 2.9% year-over-year, compared.

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 index of pending home sales fell 1% from the prior month, after a downwardly revised 4.3% increase in January, according to data released Thursday from the National Association of Realtors in Washington. The gauge fell 5% from a year earlier following a 3.3% annual decline.

Normally, it takes four to six weeks to close a contracted sale. Despite the bigger than expected monthly increase, NAR said pending home sales in February were still down by 4.1 percent compared.

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.

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