Pending Home Sales Shed a Bit of January's Momentum

Home / Blog / Pending Home Sales Shed a Bit of January's Momentum

Posted To: MND NewsWire

Pending home sales fell again in February. The National Association of Realtors® said its Pending Home Sales Index (PHSI) declined by 1.0 percent compared to January to a level of 101.9. The index is now 4.9 percent lower than a year earlier, marking the 14th straight month of annual decreases. The South and the West posted slight gains while the other two regions lost ground. Analysts were not particularly bullish about the index's February prospects. Those polled by Econoday had a wide range of expectations, from -3.0 percent to 3.2 percent. The consensus was for a slight 0.8 percent increase. Lawrence Yun, NAR chief economist, said the month's loss is coming off a solid gain in the prior month . "In January, pending contracts were up close to 5 percent, so this month's 1 percent drop...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

2d1cd0e6 4063 47f0 97f6 9ff1d899fde0 4400b834 959f 487e a767 3c430d499155 0057fd64 ffa4 415c 96c4 0fe0a7b9a3c8 65f2982a 0186 4dae b8cc 659a2edd3445 0aea6e03 19c5 4323 914f d0c3df79134b da819d79 f66a 4431 a6e8 2100b6e1ac41 ee1cda91 985d 43c3 8670 4f9d9bf318d4 6a184160 130e 4198 8af0 760a83771472 f0d764ed 7cc1 4726 87ee 099b453ef5a8 2b6171ec 5984 4790 ab94 65331ae86ae9 851c83db 54f0 4574 b56a 17d6fe641aab 246e72db 9f0c 44f8 86e8 aaee3a07d1c7 4d687e84 656b 461c b330 57b548fe54a2 886331d5 fe47 45fe bc52 5d75307e3133 2388e115 15ac 4416 8ca5 f72cd3960d26 68e15b2c 5c49 428f baeb 5321f7e4a4fc bf931a34 e38d 42d5 b811 f7263bdf6eca 8a6b83cd c900 47b4 8855 c830224b3c27 162ddff2 82ec 4b6c b7f4 f197a93f1cd5 e6add73f d0a5 4e05 927a 84e2bff7e519 fdd83552 d340 4e7e be16 1ac30d62d403 16bdbf0a 0deb 4f02 a4ea 1c8340ddc45f f5a8746a 4c5e 4409 9387 abb23fec9352