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Pending home sales rose in February, apartment concessions hit highest level in over a decade
CNBC Television· 2026-03-17 14:39
Pending home sales in February rose 1.8% month-to-month but were down 0.8% from February of last year. That according to the realtors. Now, this count is based on contract signings.So, people out shopping during the month when mortgage rates were falling to multi-year lows. The average on the 30-year fixed even dipping below 6% briefly. That is not the case now.And the realtors did make note of that, saying the improved affordability could make a U-turn if oil prices and interest rates continue to rise. Now ...