​US Pending Home Sales Rose Again In November As Mortgage Rates Fell, But… – Tyler Durden

US Pending Home Sales Rose Again In November As Mortgage Rates Fell, But… Pending sales of US homes increased for a fourth month in November as homebuyers took advantage of falling mortgage rates… Source: Bloomberg That lifted the total pending home sales index to its highest since early 2023… Source: Bloomberg A National Association of Realtors measure of contract signings rose 2.2% to 79, the highest since February 2023. The median estimate in a Bloomberg survey of economists called for a 0.8% increase. “Consumers appeared to have recalibrated expectations regarding mortgage rates and are taking advantage of more available inventory,” NAR Chief…  — Continue at ZeroHedge News : Read More