Pending Home Sales Rebound in August

After an unexpected decline in previous month, pending home sales rebounded in August, largely led by gains in the West. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI rose 1.6% from 105.6 in July to 107.3 in August, the second-highest level since 2018. On … Continue reading Pending Home Sales Rebound in August