US pending home sales rose 1.6% in February, with the Midwest and South seeing growth, while the Northeast and West saw declines.
Pending home sales in the US rebounded in February, rising 1.6% after a decline in January. The Midwest and South saw the most growth, while the Northeast and West saw decreases. The National Association of Realtors' Pending Home Sales Index increased to 75.6, although it was still below the 100 mark, which indicates a pace of pending contracts equal to the 2001 level.
March 28, 2024
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