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grimkhor t1_je6oqqg wrote

Reply to comment by gangix in Estimations for remaining economic data this week by theswmr

>US February pending home sales +0.8% vs -2.3% expected

Houses are still getting sold. Doesn't look like a recession. This was released today.

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gangix t1_je6pkkd wrote

Ok that makes sense for the pump then.

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grimkhor t1_je6q8d7 wrote

It is actually quite relevant for a few things in my opinion besides housing but this is just my personal opinion from now on. Houses are usually acquired with mortgages so a rise in pending sales means not only are houses still sold but liquidity is not drying up from banks for home loans. This might be an early sign that the bank issues are actually not the end of the world. It was also a huge discrepancy on top.

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