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Pending home sales show modest retreat in February HW+

Mar 28, 2019By

Pending home sales dropped 1% in February, declining 4.9% from last year, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that considering the fact that January’s pending contracts were up nearly 5%, the 1% drop in February is not a significant concern, although it’s clear that activity this spring will not match last year’s frenzied pace.

3d rendering of a row of luxury townhouses along a street

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