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1/31: MetroIntelligence Economic Update by P. DUFFY

December Pending Home Sales index down 4.9 percent from November but up 4.6 percent year-on-year Although the Pending Home Sales Index (PHSI) fell 4.9 percent to 103.2 in December, it was still up 4.6 percent year-on-year. https://www.nar.realtor/newsroom/pending-home-sales-skid-4-9-in-december   GDP grew 2.1 percent in 4Q 2019 and 2.3 percent for all of 2019 in advance estimate Real gross domestic product…

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