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Newsfeed: US Pending Home Sales Crash By Most On Record

Newsfeed: US Pending Home Sales Crash By Most On Record

Existing home sales crashed but new home sales rebounded in November, which leaves today’s pending home sales as the deciding vote for just how apparently dismal the US housing market really is.. and the decision is – the housing market is in trouble as pending home sales tumbled 4.0% MoM (vs -1.0% exp) and October’s drop was revised even deeper…

Newsfeed: Russia Close to Legalizing International Trade in Bitcoin, Crypto: Head of Finance Committee

Newsfeed: Russia Close to Legalizing International Trade in Bitcoin, Crypto: Head of Finance Committee

Home sales fell 35.1% year over year in November on a seasonally-adjusted basis—the largest decline in Redfin’s records that date back to 2012. Home-price growth also lost momentum. The median U.S. home-sale price rose just 2.6% from a year earlier, the smallest gain since May 2020, when the onset of the coronavirus pandemic brought the housing market to a near halt.

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