U.S. Pending Home Sales Rose 1.6% in February; Northeast Suffered Slight Decline in Pending Transactions
The Northeast PHSI decreased 0.3% from last month to 63.4, a decline of 9.0% from February 2023.
The Northeast PHSI decreased 0.3% from last month to 63.4, a decline of 9.0% from February 2023.
According to the Realtor.com report, the New York-Newark-Jersey City, NY-NJ-PA market posted a median rent of $2,852 in February, as compared to the Monthly Buy Cost of $4,995, for a savings of $2,143 and a 75% cost difference.
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