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IPFS News Link • Housing

US Pending Home Sales Unexpectedly Plunged In April "Due To Lack Of Affordable Homes"

• by Tyler Durden

Completing the trifecta of terrible housing data, pending home sales tumbled 4.4% MoM in April...

That is the 3rd drop for pending home sales in the last 4 months.

That shifts the NAR index to its lowest since May 2020...

Source: Bloomberg