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Charlie Bilello: Pending home sales in U.S. drop to lowest since April 2020

Charlie Bilello: Pending home sales in U.S. drop to lowest since April 2020
U.S. pending home sales hit low

Pending home sales in the U.S. have fallen to their lowest level since April 2020, a month when much of the U.S. economy was shut down.

Charlie Bilello, Chief Market Strategist at Creative Planning, described the current housing market as essentially frozen.

Charlie Bilello has previously noted that the S&P 500 averaged a 12% annual return since 1980, despite significant intra-year drawdowns. He regularly reviews hundreds of charts, sharing key market insights with investors. Bilello's data-driven approach is widely followed by market participants.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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