Pending Sales of U.S. Existing Homes Fall by Most in Two YearsBy
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…
Leave a Reply
You must be logged in to post a comment.