Pending Home Sales Receded 4.9% in January

NAR: Pending sales were down 8.8% year-over-year. Chief Economist Yun noted that “consumers are showing extra sensitivity to changes in mortgage rates.”

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Inflation Gauge Up 0.3% Month-to-Month in Jan.

However, showing the smallest such increase in nearly three years, consumer prices were up just 2.4% from a year earlier, down from a 2.6% annual pace in Dec.