Prior +1.8%Index at 72.0 vs 72.6 priorSales Y/Y -2.8% vs +1.1% prior
According to NAR Chief Economist Lawrence Yun, “The data shows a
continuation of small declines in contract signings despite inventory in
the market increasing. Pending sales in the Northeast increased
incrementally even though home price growth in the region has been the
strongest in the country.”
This article was written by Giuseppe Dellamotta at investinglive.com.