Pending home sales fall 7.3% in September, far weaker than expected
FROM THE WIRE · SEEKINGALPHA.COM
[House for sale, pending sign in front yard. No people.] September U.S. Pending Home Sales Index: -7.3% M/M to 66.0 vs. 0.0% consensus and +0.3% prior, according to data released by the National Association of Realtors on Tuesday. Developing… Check back for updates. MORE ON…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA US housing print far from consensus can weigh on the economy and markets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The Pending Home Sales Index fell to 66.0 in September, down 7.3% month on month.
- 02Consensus was 0.0% and the prior reading was +0.3%.
- 03The data was released by the National Association of Realtors.