The numbers: An index of pending-home sales surged 3.8% in March, the National Association of Realtors said Tuesday. Economists surveyed by Econoday had forecast a 0.7% monthly increase.
Also on Tuesday, the widely-followed Case-Shiller index showed home prices had risen at the slowest pace since mid-2012 in February.
Skyrocket? Embellish much?
Housing bubble
Recession? Hello? Where did you go?
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Pending home sales jumped 3.8% in March, thanks to a big dip in mortgage ratesHome shoppers signed 3.8% more contracts to buy existing homes in March compared with February, according to the National Association of Realtors' Pending Home Sales Index. That was higher than analysts had expected. Sales were 1.2% lower compared with March 2018, the 15th straight month of annual declines. Thank you President Trump
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U.S. new-home sales climbed 4.5% in March, and prices sankThe U.S. housing market appears to be cautiously recovering from a mortgage-rate spike last year that caused homebuying to slump. Not where I live nor where I used to live. Prices are too high for most people.
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