Has the housing market hit bottom?
That was the question Fast Money Traders were preparing to ask Toll Brothers CEO Douglas Yearley Jr. ahead of his appearance on the Fast Money Halftime Report today.
Mondayâ€™s pending home sales data indicated a bottom is in.
The National Association of Realtors reported this morning that pending home sales rose in 2.1% in February. The news came as a surprise to many economists given the 16.9% drop in new home sales last month. Economists were expecting a drop of about 1% for pending home sales.