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January 2017 Pending Home Sales Index Declines

Monday, February 27, 2017 12:19
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(Before It's News)

Written by Steven Hansen

The National Association of Realtors (NAR) seasonally adjusted pending home sales index declined. Our analysis agrees as the rolling averages declined. The quote of the day from this NAR release:

The significant shortage of listings last month along with deteriorating affordability as the result of higher home prices and mortgage rates kept many would-be buyers at bay

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Source: http://econintersect.com/pages/releases/release.php?post=201702271242

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