Memphis Daily News Chandler Reports Nashville Ledger
» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 13 | Friday, March 29, 2019

Pending US home sales slip last month after big January gain

Print | Front Page | Email this story

WASHINGTON (AP) — Fewer Americans signed contracts to purchase homes in February after a big gain the previous month.

The National Association of Realtors says that its pending home sales index slipped 1 percent to 101.9. That followed a 4.3 percent jump in January, which came after average mortgage rates fell from a recent peak of nearly 5 percent in November.

Slower home price increases, lower mortgage rates and a pickup in the number of homes for sale has spurred a budding rebound in home sales this year, after they slumped in 2018. Sales of existing homes soared 11.8 percent in January, the biggest jump in more than three years.

Pending sales is a measure of home purchases that are usually completed a month or two later.

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0