Pending Home Sales Fall By 1.1% in September | Market Watch
Pending Home Sales Fall By 1.1% in September
By Rex Nutting
From MarketWatch
A gauge of future home buying fell 1.1% in September, a signal that sales will be roughly flat for the next few months, the National Association of Realtors said Wednesday.
The pending home sales index fell 1.1% in September after a 4.7% increase in August. The index is down 13.6% in the past year. Home sales are also down about 14% in the past year, while building permits have plunged 27%.
The pending home sales index is based on contracts to buy existing homes signed in September. Sales typically close a month or two later, when they would be recorded in the industry trade group's existing home sales index...
By Rex Nutting
From MarketWatch
A gauge of future home buying fell 1.1% in September, a signal that sales will be roughly flat for the next few months, the National Association of Realtors said Wednesday.
The pending home sales index fell 1.1% in September after a 4.7% increase in August. The index is down 13.6% in the past year. Home sales are also down about 14% in the past year, while building permits have plunged 27%.
The pending home sales index is based on contracts to buy existing homes signed in September. Sales typically close a month or two later, when they would be recorded in the industry trade group's existing home sales index...
posted by Patrick Leblanc at 3:51 PM
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