Pending home sales plunged 7.3% in September to an index of 66, the lowest reading on record, according to the National Association of Realtors (NAR). Why it matters: All four regions experienced declines, led by the West (-9.2%) and South ...
Pending home sales posted their first monthly increase since May, but the small improvement did little to change the picture of a housing market still struggling with elevated mortgage rates. Why it matters: Pending home sales increased 0.3% in August, ...
Pending home sales unexpectedly declined again in July as the highest mortgage rates of the year and record home prices continued to keep prospective buyers on the sidelines. Why it matters: Pending sales measure signed contracts and are considered a ...