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IPFS News Link • Housing

US Pending Home Sales Tumble For 5th Straight Month As Rates Soar, Mortgage Apps Plunge

• Zero Hedge

After the unexpectedly large drops in new- and existing-home-sales, analysts expected pending home sales to also fall in March (though only modestly) and they did, dropping 1.2% MoM (worse than the 1.0% drop expected) leaving pending home sales down 8.9% YoY...

Source: Bloomberg