U.S. pending home sales unexpectedly fall in December

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Contracts to buy previously owned U.S. homes unexpectedly dropped in December as...

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.

 

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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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December pending home sales fall 4.9% as supply hits a record lowPending home sales, which measure signed contracts, not closings, dropped 4.9% in December compared with November, as the supply of homes hit a record low during the month. Trump-Tax-Laws-are-not-Home-owner-friendly SALT-changes-increased-our-Taxes realDonaldTrump JeffVanDrew NImby regulation has prevented enough home supply to meet demand. 😈
Source: CNBC - 🏆 12. / 72 Read more »