May 07
Economists say the March report for pending home
sales confirms what has been known for many months now: the U.S.
housing market is still several months away from stabilizing.
Benjamin Reitzes, economist at BMO Capital Markets, said the report
essentially gives no new data, just a confirmation of the longer-
term trend. He explained that the U.S. housing market will take
several more months until it recovers, and that…