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IPFS News Link • Housing

Pending Home Sales Disappoint, Slip To 4-Month Lows

• Zero Hedge - Tyler Durden

Source: Bloomberg

"Favorable conditions are expected throughout 2020," though supplies still aren't sufficient to meet healthy demand, Lawrence Yun, NAR's chief economist, said in a statement.

"Builder confidence levels are high, so we just need housing supply to match and more home construction to take place in the coming year."

But, thanks to historical revisions, the pending home sales index slipped to 4-month lows

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