US February pending home sales +1.6% vs +1.5% expected ...Middle East

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US February pending home sales +1.6% vs +1.5% expected
Prior was -4.9%Index vs 74.3 prior revised 274.4Pending home sales for February 2024 rise 1.6% versus 1.5% expectedIndex for February 75.6Sales are down 7% from a year agoLooking at the regional breakdowns:The Northeast Pending Home Sales Index (PHSI) decreased by 0.3% from the previous month to 63.4, marking a 9.0% decline from February 2023.In the Midwest, the PHSI surged by 10.6% to 81.6 in February, a decrease of 2.5% compared to one year ago.The South PHSI experienced a 1.1% increase to 89.5 in February, but fell 8.5% from the previous year.The West index dropped by 6.5% in February to 57.1, reflecting a 7.9% decrease from February 2023.Pending home sales are off of signed contracts.Act

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