By Uptin Saiidi | CNBC
A new report out by the National Association of Realtors showed that pending home sales have risen to a 7-month high for February, and yet total home sales plunged to a 3-month and is down more than 7%.
CNBC Contributor Ron Insana thinks high-end housing is headed to crash, particularly in New York where he’s seen a dangerous oversupply, citing slowing demand, especially from foreign buyers.