Tried to buy a house lately? You wouldn’t be the only one – despite buyers waving goodbye to 3% and even 4% mortgage rates that were available over the last three years or so, pending home sales have surged. In January, the Pending Home Sales Index saw its biggest increase since June 2020, and the biggest surprise since May 2020, just months after the pandemic began. That news comes as real estate ETF flows are back up, though equities ETFs tumbled in this week’s asset flows chart.
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