Tag Archive for ‘pending home sales’

Pending Home Sales Experience Significant Decline

The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts, fell a steep 5.6% in September 2013 to 101.6 from a downwardly revised 107.6 in August. The September 2013 PHSI reported by the National Association of Realtors (NAR) was 1.2% lower than the same period a year ago. The September PHSI decreased sharply in three regions: 9.6%… Read More ›