Pending home sales fall for first time since November

Pending home sales fell last month for the first time since November

By Anna Bahney, CNN Pending home sales dropped in March, falling for the first time since November amid tight inventory and buyer uncertainty about the financial sector due to bank failures, according to data released Thursday by the National Association of Realtors. The pending sales index, a forward-looking indicator based on signed contracts to buy a home rather than the final sales that are accounted for in existing home sales, dropped by 5.…

US pending home sales slump unexpectedly in March

(Reuters) - Contracts to buy U.S. previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a caution flag about what ...

Pending home sales fell last month for the first time since November

By Anna Bahney, CNN Pending home sales dropped in March, falling for the first time since November amid tight inventory and buyer uncertainty about the financial sector due to bank failures, according to data released Thursday by the National Association of Realtors. The pending sales index, a forward-looking indicator based on signed contracts to buy

Pending home sales fall for 1st time since November in blow to buyers

Contracts to buy previously owned homes tumbled unexpectedly in March to snap a three-month rebound, raising a caution flag about what had appeared to be a nascent recovery in a housing market that has been clobbered by rising interest rates.

Pending Home Sales Slumped in March. What's Next for the Housing Market.

Pending home sales fell 5.2% in March from the previous month, marking the first decline since November 2022.