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Wednesday, April 17, 2024
HomeNewsEconomyPending Home Sales Index (PHSI) Unexpectedly Falls in August

Pending Home Sales Index (PHSI) Unexpectedly Falls in August


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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