Despite a modest 1.7% rise (after dropping 1.5% in December), Pending Home Sales missed expectations of a 2.0% rise - the 5th monthly miss in a row. It appears NAR's chief economist Lawrence Yun, whose specialty is revising the script to goalseek any desired outcome until the deviation from reality is so massive the NAR has no choice but to do a massive backward-looking revision, has[...]
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