Pending home sales decreased for a second straight month in February, according to the National Association of Realtors (NAR).
Each of the four major U.S. regions witnessed month-over-month declines in February, while results were mixed in the four regions year-over-year. The Pending Home Sales Index dropped 10.6 percent to 110.3 in February. Year-over-year, contract signings fell 0.5 percent. Read on for reaction from NAR Chief Economist Lawrence Yun.
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