NAR: Pending Home Sales Decrease 20.8% in March

From the NAR: NAR Calls Housing Market Slump Temporary as Pending Home Sales Fall in March Pending home sales fell in March, seeing expected declines as a result of the coronavirus outbreak, according to the National Association of Realtors®. Each of the four major regions saw drops in month-over-month contract activity and year-over-year pending home sales transactions. The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, decreased 20.8% to 88.2 in March . Year-over-year, contract signings declined 16.3%. An index of 100 is equal to the level of......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2KJ3GUz
via IFTTT