CHARLOTTE, N.C. (AP) — The pending sales of existing homes fell 2.2% in September, the National Association of Realtors said last Thursday, the first monthly contraction of that figure in four months.
The report is the latest indicator that showed the housing market cooled in September after being strong throughout the summer. Sales of existing homes fell in September as well, NAR reported earlier this month, and the Commerce Department said sales of newly constructed homes fell in September, too.
Despite the modest decline, contract signings are still up 20.5% from a year earlier, the industry trade group said.
Three out of the four regions tracked by NAR saw monthly declines. Only the Northeast reported a month-over-month gain.
- Posted November 02, 2020
- Tweet This | Share on Facebook
Pending home sales cool in September, down 2.2%
headlines Oakland County
headlines National
- Millions of Americans continue to lack meaningful access to justice. What can be done about it?
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Federal judge hands down $110K penalty against 2 lawyers for AI errors in court documents
- Former adult film actress passes February bar exam in Texas
- Grad sues George Washington University, Ernst & Young after Gaza ‘genocide’ remarks in commencement speech
- Magicians Penn & Teller file Supreme Court brief questioning use of ‘investigative hypnosis’
