Housing demand is up and inventory is down, even with Iran conflict

Weekly pending sales

Pending home sales data provides a week-to-week perspective, though results can be affected by holidays and short-term fluctuations, such as the giant winter storm in January. We were showing year-over-year growth at the start of the year, and then the snowstorm slowed things down.

Now that all the snow data is gone, we have three straight weeks of year-over-year…