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Tuesday, December 6, 2022
HomeNewsEconomyPending Home Sales Index (PHSI) Unexpectedly Falls in August

Pending Home Sales Index (PHSI) Unexpectedly Falls in August

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pending-home-sales-sale-sign

Home for sale sign (Realtors) and potential exiting and pending home sales contract. (PHOTO: REUTERS)

The National Association of Realtors (NAR) said the Pending Home Sales Index (PHSI) shows contracts to buy previously-owned homes fell 2.4% last month. Economists expected the percentage to be unchanged.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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