Pending home sales ↓0.8% from February 2025, but ↑1.8% from January.
Under-contract sales signal what closings may look like in the next 30-60 days.
Yearly: South and West ↑; Northeast and Midwest ↓. MoM: Midwest, South, West ↑; Northeast ↓.
Yun cited affordability gains, but warned higher oil prices could push mortgage rates ↑.
Analysts view the change as part of normal housing cycle shifts rather than sharp downturn.h yearly ↑1.2% MoM ↑2.7%; West yearly ↑3.2% MoM ↑0.9%.
