Pending home sales hit lowest level in a year

Pending home sales dropped in January to its lowest level in a year as the lack of housing supply fought against the increasing buyer demand. While demand for homes is at its highest point since the Great Recession, affordability may force buyers into less expensive locations or smaller homes. http://www.housingwire.com/articles/39331-pending-home-sales-hit-lowest-level-in-a-year ❤️ #share #mortgage

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