FILE PHOTO: A new apartment building housing construction site is seen in Los Angeles, California, U.S. July 30, 2018. REUTERS/Lucy Nicholson
The National Association of Realtors said on Wednesday its pending home sales index declined 4.9% to a reading of 103.2. November’s index was unrevised. Compared to one year ago, pending sales were up 4.6%. The housing sector has largely regained momentum following a slump in 2018 through the first half of 2019 and its current strength has been supported by low mortgage rates and an unemployment rate near a 50-year low.
U.S. pending home sales unexpectedly fall in December
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super!!
watched houses in my neighborhood sit empty for years. Who can afford them? Then I saw a house knocked down & two take it's place, gentrifying the neighborhood brings new while forcing others to move, gypsy economy, gets your wagons or van down by the river before the rush!
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Source: CNBC - 🏆 12. / 72 Read more »