US Pending Home Sales Drop For 13 Months Straight

By: Curtis Wayne   3/1/2019

The US housing market continues to show weakness.

The US Pending Home sales has dropped for 13 months straight.  The housing market drives about 1/5th of the economy.  When it turned down the economy is soon to follow. 

This could be the beginning of another housing market crash like in 2008.  This time could be much worse for many reasons.  Interest rates are already very low and cannot go much lower, and young adults have record high college debts.

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