Existing home sales - down; pending home sales - down; affordability (as rates spike) - down; new home sales - up at 7-month highs (beating all but one of 70 economists' estimates)
New Home Sales SAAR in Feb printed 592k (beating expectations of 564k by 3 standard deviations)...
Weather played a big role by the look of it...
Northeast sales tumbled 21.4% MoM as Midwest soared 30.9% MoM!
And home prices appeared to tumble to the lowest since July.
This is the biggest two-month median home p4ice drop since 1970...
Spot the odd one out...
Choose your own narrative.