Illustrative photograph by Eilis Garvey / Unsplash. Not a photograph of a specific property or project discussed in this story. Photographer. Contract signings just hit the lowest level ever recorded. Fall closings will feel it next. The National Association of Realtors' Pending Home Sales Index fell 7.3% in September to 66.0, according to NAR data released October 20. That is the lowest reading since the series began in 2001, according to Reuters. Economists polled by Reuters had expected a decline…
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Pending Home Sales Just Hit a Record Low. Fall Closings Are Next.
NAR’s September Pending Home Sales Index fell 7.3% to 66.0. What the record low means for fall closings, buyer negotiations and brokerage cash flow.
