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US pending home sales up 1.1% versus -1.8% expected

Prior month -7.1%Pending home sales up 1.1% versus -1.8% expectedPending home index rose to 72.6 from 71.8Looking at the different regionsNortheast PHSI decreased by 0.9% to 62.6, marking an 18.2% reduction from August 2022.Midwest index dropped by 7.0% to 71.3, down 19.1% from the previous year.South PHSI fell by 9.1% to 86.5, showing a 17.6% dip from the prior year.West index retreated by 7.7% to 56.3, sinking 21.4% compared to August 2022.From Lawrence Yun, NAR Chief Economist:"Mortgage rates... Read More

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Posted: Oct 26 2023, 14:03

Author Name: forexlive

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