An index looking at pending transactions for the sale of existing homes eased against a deteriorating economic backdrop but remain in a stable range, according to an industry group on Tuesday. U.S. pending home sales tumbled by less than expectations with a 0.7% decline in October, according to the National...
U.S. pending home sales fell more than twice the consensus expectation in July, falling by 3.2% in the month following an upwardly revised 5.8% rebound in the previous month. The report fails to indicate a bottoming out in the housing sector, economists say, though the pace of decline is slowing and...
The National Association of Realtors ( NAR ) on Tuesday released preliminary figures on sales contracts that were pending at the end of August and the information, once again, gave lie to any thought that the housing market is close to hitting bottom. The Pending Home Sales Index (PHSI) applies only...