Dec
28
Pending U.S. Existing-Home Sales Fall on Higher Mortgage Rates
ByContracts to purchase previously owned U.S. homes unexpectedly decreased in November on a sudden pickup in mortgage rates and limited inventory, according to figures released Wednesday from the National Association of Realtors in Washington.
Key Points
- Pending home sales gauge declined 2.5 percent (forecast was for 0.5 percent gain) after rising 0.1 percent the prior month
- Index increased 1.4 percent from November 2015 on an unadjusted basis
- Pending sales decreased in three of four U.S. regions on a month-to-month basis…
Pending U.S. Existing-Home Sales Fall on Higher Mortgage Rates
