Pending home sales grew more than anticipated in February, but the conflict in Iran may negatively affect the trend

Pending home sales grew more than anticipated in February (1.8% month-over-month), according to this week’s National Association of Realtors. Ted Rossman, Senior Industry Analyst with Bankrate.com, joins Newell to discuss what’s driving the uptick in contract activity and what it could signal for the spring housing market.