US Home Sales Show Signs of Recovery with Mortgage Easing
TL;DR
Pending home sales increased by 0.8% in February, marking the third consecutive monthly gain, with sales increasing in all regions except the West. While pending home sales are still down 21% from a year ago, the housing sector's contraction is coming to an end, according to the National Association of Realtors' chief economist, Lawrence Yun. The sector's rebound is being spurred by mortgage easing from recent highs, with residential mortgage loans expected to be more readily available.
Topics:businessreal-estate#housing-sector#mortgage-easing#national-association-of-realtors#pending-home-sales#real-estate#residential-mortgage-loans
- Home sales turn corner due to mortgage easing Axios
- Pending home sales squeezed out a tiny gain in February, as mortgage rates jumped CNBC
- US pending home sales rise for third straight month; loan demand increases Yahoo Finance
- Don't Let the Headlines Fool You about a Tiny Month-to-Month Uptick in Pending Home Sales: Still -21% from a Year Ago, -25% from 2 & 3 Years Ago. Have a Look at the Chart WOLF STREET
- Consumer Cos Up After Pending-Home Sales Data -- Consumer Roundup MarketWatch
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