Existing Home Sales Plunge As Higher-Rate Impacts Accelerate

03-23-2021 • https://www.zerohedge.com by Tyler Durden

While pending home sales tumbled in January, Existing Home sales rebounded but were expected to slide in February as interest rates rose, and they did, dramatically. Against expectations of a 3.0% decline, existing home sales plunged 6.6% MoM in Febr