Pending home sales roar back, suggesting a spring uptick for housing Published: Feb 27, 2019 10:42 a.m. ET
Great read, good news: click on link for more: https://www.marketwatch.com/story/pending-home-sales-roar-back-suggesting-a-spring-uptick-for-housing-2019-02-27 ‘The reopening of the government (was) very beneficial to the market,’ the Realtors say By ANDREA RIQUIER Bloomberg News/Landov A sale pending sign stands in front of a home in Massachusetts. The numbers: A measure of pending home-sales jumped 4.6% in January, the National Association of Realtors said Wednesday . Sales were 2.3% lower than a year ago, making January the 13th straight month of year-over-year declines. What happened: NAR’s pending home-sales index, which tracks home contract signings, registered at a reading of 103.2 in January after it touched a nearly five-year low in December. Most economists expected the January bounce. And the trade group itself said the reopening from the partial government shutdown brought an expected boost to early-year ...
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