Here Comes Pending Home Sales...
Mar 27, 2014, 19:05 IST
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Economists polled by Bloomberg are looking for pending home sales to rise 0.2% month-over-month and fall 9% on the year.
This compares with a 0.1% MoM rise and a 9.1% YoY fall in pending home sales in January.
The index is considered to be a leading indicator for future existing home sales. The Commerce Department expects that 80% of signings will become existing home sales transactions within two months.