US Pending Home Sales UP 8.1% MoM In January, But Down -22.4% YoY (Negative YoY Growth For 19 Of Last 20 Months)

Confounded Interest ^ | 02/27/2023 | Anthony B. Sanders

[Kaiser8408a]

US pending home sales rose 8.1% in January. At the same time, pending home sales declined -22.4% on a year-over-year (YoY) basis.

So, YoY pending home sales growth has been negative for 19 of the last 20 months.

[Kaiser8408a]

Biden, Pelosi and Schumer should be in prison.

[ConservativeInPA]

The up probably comes from those that see the writing on the wall for higher interest rates and they are getting in before interest rates go even higher.

[FlingWingFlyer]

Typical Xiden economy. Everything is up and down at the same time. Yellen’s got a “historical” handle on this economy **it. Unfortunately, Buttiplug hasn’t commented on the economy yet so I don’t think it’s good. As a matter of fact, it’s probably “tragic”.