Pending home sales sink in February, setting a grim tone as housing market enters key spring season - CNBC

Higher mortgage rates are taking their toll on home sales, as a strong housing market begins to turn.

In a grim sign for the housing market's busiest season, pending home sales, which measure signed contracts on existing homes, fell 4.1% in February compared with January, according to the National As… [+2860 chars]

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