Pending Home Sales Rise 2.0% in February; NAR Projects Stronger Housing Market in 2025

The pending home sales index (PHSI) increased to 72.0, which is still below the base line of 100 that reflects the 2001 market activity. Overall, pending transactions declined by 3.6% a year ago compared to the same month, underlining constant structural obstacles in the housing market. Horticulture rates remain significant obstacles NAR Chief Economist Lawrence…

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PCE, Income Beat Forecasts; Spending Slows—Fed Outlook in Focus as Inflation Persists

More information in our economic calendar.More inflation is threatened to fuel more than tariffs Whereas before the February data recent policy changes, the Lump Tariffs introduced by the Trump administration are increasing the approach to inflation. Fed officials divide on their potential impact. Susan Colins of Boston Fed flagged off a potential short -term spike,…

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Job Growth Disappoints in February with 151K Payrolls; Unemployment Up

Meanwhile, the private sector showed flexibility, with the healthcare major employment benefits. The region added 52,000 jobs, maintaining its strong pace for the last one year. Financial activities were also expanded, 21,000 posts were added, while transport and warehousing saw an increase in 18,000-numer. However, the job growth in social aid increased to 11,000, below…

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