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Pending Home Sales See Slight Increase in February
Pending home sales increased 1.6% in February, with the Midwest and South each posting monthly gains in transactions, while the Northeast and West posted losses. All four U.S. regions saw year-over-year decreases, however, according to a March 28 report from the National Association of REALTORS® (NAR). The Pending Home Sales Index (PHSI)—a forward-looking indicator of…
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