Pending Home Sales Picked Up 2% in February, But Remained Near Recent Lows

What the February pending home sales data shows Pending home sales picked up 2.0% in February as buyers took advantage of growing inventory and lower mortgage rates. Despite this modest monthly growth, contract signings were 3.6% lower annually, remaining near recent record-lows. Mortgage rates hit a recent peak of 7.04% in January before falling each
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