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2/28: MetroIntelligence Economic Update by P. DUFFY

Pending home sales rose 5.2 percent in January and 5.7 percent year-on-year The Pending Home Sales Index grew 5.2% to 108.8 in January. Year-over-year contract signings increased 5.7%. An index of 100 is equal to the level of contract activity in 2001. https://www.nar.realtor/newsroom/pending-home-sales-ascend-5-2-in-january   January new home mortgage applications up 40.0 percent from December and 35.3 percent year-on-year  Mortgage…

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