INFO:

US pending home sales, as reported by the National Association of Realtors (NAR), in the month of January dropped by 4.9%, with declines across all major US regions compared to a year ago. This marks a continuation of housing market slowdowns heading into the spring home-buying season. Yahoo Finance Housing Reporter Dani Romero breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith