The News
Capital Coahuila
Capital Querétaro
Capital Edo. de Méx.
Capital México
Capital Mujer
Reporte Índigo
Estadio Deportes
The News
Efekto
Green TV
Revista Cambio
Digital
Prensa
Radio
TV

Pending US home sales slip last month after big January gain

By The News · 31 of March 2019 09:29:46
AP Photo, Home in Denver, No available, FILE- In this March 28, 2018, file photo an under contract sign is shown outside a single-family home on the market in Denver. On Thursday, March 28, 2019, the National Association of Realtors releases its February report on pending home sales, which are seen as a barometer of future purchases.(AP Photo/David Zalubowski, File)

WASHINGTON (AP) — Fewer Americans signed contracts to purchase homes in February after a big gain the previous month.

The National Association of Realtors says that its pending home sales index slipped 1 percent to 101.9. That followed a 4.3 percent jump in January, which came after average mortgage rates fell from a recent peak of nearly 5 percent in November.

Slower home price increases, lower mortgage rates and a pickup in the number of homes for sale has spurred a budding rebound in home sales this year, after they slumped in 2018. Sales of existing homes soared 11.8 percent in January, the biggest jump in more than three years.

Pending sales is a measure of home purchases that are usually completed a month or two later.