Apr
27

Pending Sales of Previously Owned U.S. Homes Retreated in March

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Contracts to buy previously owned U.S. homes declined in March after rising a month earlier by the most since 2010, according to figures released Thursday from the National Association of Realtors in Washington.

Key Points

  • Pending home sales index fell 0.8 percent (forecast was for a 1 percent decrease) after jumping 5.5 percent the prior month
  • Index climbed 0.5 percent from March 2016 on an unadjusted basis
  • Pending sales dropped in three of four U.S regions month-to-month…

Pending Sales of Previously Owned U.S. Homes Retreated in March

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