Pending home sales fell by more than expected in February

Potential homebuyers out shopping in April may have been spooked by a sharp rise in mortgage interest rates. Pending home sales, which measure signed contracts to buy existing homes, fell a wider-than-expected 1.3 percent compared to March, according to the National Association of Realtors.

Contract signings to purchase previously owned U.S. homes rebounded in March by more than forecast for. The index of pending home sales jumped 3.8 percent from the prior month, after a 1 percent.

At Home Group (NYSE. a 2.9% decline in comparable-store sales, contributing to a more than 5% drop in total revenue, and.

WASHINGTON (Reuters) – U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains. The National Association of Realtors said on Monday existing home sales dropped 4.9 percent to a seasonally adjusted annual rate of 5.21 million units.

U.S. Pending Home Sales Fell by More Than Expected in February March 28, 2019 March 28, 2019 BrianAnthony The data add to a mixed picture of the U.S. housing market; increased demand for homes in coming months.

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After reporting U.S. new home sales at their highest level in over four years in the previous month, the Commerce Department released a report on Tuesday showing that new home sales pulled back by more than expected in the month of February.

Normally, it takes four to six weeks to close a contracted sale. Despite the bigger than expected monthly increase, NAR said pending home sales in February were still down by 4.1 percent compared.

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Contract signings to purchase previously owned homes fell more than estimated in February, suggesting that the prior month’s surge resulted from pent-up demand and that a sustainable recovery may take more time. The index of pending home sales fell 1% from the prior month, after a downwardly revised 4.3% increase in January, according to data