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Pendging Home Sales

Pending Home Sales Point Toward Continued Trouble for Housing

Pending home sales, generally considered a good leading indicator for final home sales fell -7.6% in January, supporting recent weakness in both existing and new home sales.  This result was well below the consensus forecast calling for a monthly increment of 1.8%.  This data reiterates my view that that the housing recovery will face significant headwinds over the […]