Housing Just Blinked — And That’s a Big Deal Let’s start with the facts. U.S. pending home sales fell –0.8% in January, even though economists were expecting a gain of 1.3%. That’s not just a small miss — that’s a swing in the wrong direction. Housing is what I call a “heartbeat indicator.” When the housing market is healthy, it pumps confidence into the broader economy. People buy furniture, appliances, renovations — it creates a ripple effect. When housing stumbles? That ripple runs backward. And here’s what concerns me most: mortgage rates have eased from their highs. If lower rates aren’t igniting buying activity, that tells us affordability is still a major problem. Wages haven’t kept pace. Savings are thinner.…
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