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US pending home sales for March -5.2% versus +0.5% expected

Prior +0.8% (the estimate was down -2.3%)Pending home sales -5.2% versus 0.5% expected. Year on year -23.2%Pending homes index 78.9 versus 83.2 last monthsales forecasts for 2020 are for existing homes falling -9.3%. New homes are up 4.5%Northwest -8.1%South +0.2%Midwest -10.7%West -8.0%For the full report CLICK HEREIn March, pending home sales in the U.S. decreased by 5.2% compared to February, marking the first decline since November 2022. The lack of housing inventory has been cited as the p... Read More

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March

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Posted: Apr 27 2023, 14:00

Author Name: forexlive

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