Sep
29
Pending Sales of U.S. Existing Homes Fall to Seven-Month Low
ByContracts to purchase previously owned U.S. homes fell to a seven-month low in August, held back by tight supply in the housing market, the National Association of Realtors said Thursday in Washington.
Key Points
- Pending home sales fell 2.4 percent (median forecast was for no change) after a revised 1.2 percent increase in July
- Index dropped to a seasonally adjusted 108.5, lowest since January, from 111.2 in July
- Contract signings rose 4 percent from August 2015 on an unadjusted basis…
Pending Sales of U.S. Existing Homes Fall to Seven-Month Low
