Pending home sales fell by more than expected in February

Slowdown in housing market is helping landlords raise rents Uncertainty about the details of New York’s new rent stabilization laws contributed to a slowdown in multifamily mortgage originations in the city in the early months of 2019. Even before Gov. Andrew Cuomo signed a package of laws on June 14 aimed at limiting landlords’ ability to raise rents in stabilized housing, banks with heavy exposure to the city were sounding notes of caution.

The bigger than expected rebound in pending home sales was partly due to a spike in the Northeast, where pending sales surged up by 10.3 percent. Pending home sales in the South also climbed by 3.

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

U.S. Pending Home Sales Climb More Than Expected In February By RTTNews Staff Writer | published: 3/28/2016 10:05 AM ET Partly reflecting strong growth in the Midwest, the National Association of Realtors released a report on Monday showing a bigger than expected increase in U.S. pending home sales in the month of February.

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Pending home sales in the South rose 1.2% to an index of 129.4 in March and are now 3.9% above last March. The index in the West fell 2.9% in March to 94.5, and is now 2.7% below a year ago.

An "Open House" sign is displayed outside a new home construction at the Creeks of Legacy development in Prosper, Texas, U.S. (Photographer: Laura Buckman/Bloomberg) U.S. Pending Home Sales Fell by More Than Expected in February

Pending home sales fell 1.6% on the month in August, falling for the fourth straight month. missing expectations for a 1 percent fall. They were also up a more modest 2.9% year-over-year, compared.

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Hong Kong retail sales slumped 10.1 per cent in February. On top of the trade war effect, warmer-than-usual weather in February also hurt consumers’ desire to shop for winter clothes and home.

CONTRACT signings to purchase previously owned US 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 per cent from the prior month, after a downwardly revised 4.3 per cent increase in January, according to data released on Thursday from the National Association of Realtors (NAR) in Washington.

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