Newsfeed: US Pending Home Sales Plunged In March As Rates Rebounded

Newsfeed: US Pending Home Sales Plunged In March As Rates Rebounded

Weakness in existing home sales was swamped by surprising strength in new home sales (largely skewed by dramatic incentives from builders) and today Pending home sales breaks the tie (expected to show a small 0.8% MoM rise in sales). Instead, pending home sales tumbled 5.2% MoM, dragging the YoY sales down 23.26%…