Contract Signings Drop 4.7% in January

Job growth, inventory shortage, rising interest rates, and extreme cold in the northeast lowered January pending home sales.

Contract Signings Drop 4.7% in January

Feb 26, 2018

3:11

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Strong job growth, acute inventory shortage, rising interest rates, and extreme cold in the northeast contributed to the fall in January pending home sales.

More Information

Read the news release about January pending home sales.
See the latest data on pending home sales.

Pending Home Sales

The Pending Home Sales Index is based on signed real estate contracts for existing single-family homes, condos, and co-ops.

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