Housing Sentiment Lukewarm, Leads to Dismal Sales - Again

Home / Blog / Housing Sentiment Lukewarm, Leads to Dismal Sales - Again

Posted To: MND NewsWire

The leading indicator for existing home sales continued to struggle in August and for the fourth time in the last five months purchase contract executions fell back from those in the previous month. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), which is based on contract signings, dropped 1.8 percent to 104.2 from the July reading of 106.2. NAR said it was also the eighth straight month that its index was lower year-over-year. The August reading was down 2.3 percent from the level in August 2017. Expectations were not high for the August report. The consensus of analysts polled by Econoday was for the PHSI to be unchanged from July. The actual results were below even the lowest of analysts estimates which ranged from an 0.5 percent decline to a 2...(read more)

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



Source: http://www.mortgagen...

1d05d98a 0c47 416d 9554 5b95ef90faa2 ed6099e3 61ef 4a11 b800 f57675c9c72d 115b6486 b93e 4483 ac31 aa4c2057a9bd e67b3987 9227 4a39 98f9 f57aa3cb9b2a b7f4eab7 943f 4f4a 8f1f 2bd3aeaecd2c 4eaa31f2 2f6f 4a68 beb6 0696e7cfdfe1 1d58dd64 5da9 46e4 93cb f7e8e0a70703 0d0fd676 5e35 4ed1 8e5b 4f618fd2c1b8 4518d759 7c0b 40a3 b111 14ec94254c09 2d62d265 4ae3 482d adb7 2f08da969494 081d4e0b d16e 45d7 9f95 97a1446b39a3 588ef964 8687 417b bb41 b490d16d1e10 fd7124d7 c96b 491f 8c36 6f5c0d4344e3 16904134 7fa6 4715 85fb 9e8dae90dbd9 af308486 a1db 4e65 9439 35fcf7689a7e 8047791c 77a0 49c5 bd93 e4cbc9e6d55f 0c2f272c a038 49c7 bef1 cf68e72a39d9 a8051b0e e1b1 4de7 9971 06bfb7e7ad54 ffaee42b 1fd1 438a bb9d 2c683c853f95 8f8cab22 31be 4ab2 9b84 63c51d56bf25 b1dc3d61 7155 443b b239 fa1f7f04109b 65872b6b e16c 4557 9003 6341da0e721a e90d6788 2ade 403c 9885 a0f903db1423