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Here come pending home sales …

The stock market's rise and the expectation that interest rates would rise was spurring "significant interest" in homebuying

Buyers are rushing into the housing market in anticipation of higher interest rates

A shortage of listings contributed to a decline in pending home sales in January.

A ‘significant shortage of listings’ is restraining the US housing market

The series serves as a forward indicator of future sales since it measures contract signings for single-family homes, condos, and co-ops.

Pending home sales rise more than expected

Pending homes sales are expected to increase by 1.1% month over month.

Pending home sales cool off

Pending home sales are expected to tick up 0.2%.

Pending home sales jump despite ‘painfully’ tight housing market

Pending home sales increased by 1.5% from the month before despite "painfully low levels of housing inventory" according to the National Association of Realtors

‘The current housing recovery could stall’

Because pending sales reflect contract activity, they're a good forward-looking indicator of how many existing homes will eventually be sold.

Pending home sales rise more than expected

Last month's report showed that prospective buyers were limited by the scarce number of homes at affordable prices.

Pending home sales rise less than expected

A limited selection of homes at bargain prices is reducing the number of individual investors willing or able to buy.