Pending home sales snap six-month declining streak in December as mortgage rates drop

House for sale, pending sign in front yard. No people.

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December Pending Home Sales: +2.5% M/M to 76.9 vs. -0.9% consensus and -2.6% in November (revised from -4%).

Pending home sales grew in December for the first time since May, ending a six-month declining streak. “This recent low

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