Pending home sales disappoint in January with a 2.8% drop

The Pending home sales in the United States fell 2.8% monthly during the month of January, worsening the 0.5% rise in December (figure revised up from -0.3%), and disappointing the estimated 0%. This is the biggest drop seen since last April.

To level Yearly, Home Sales Up 13%, below the 21.4% previously and the 19.5% expected.

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