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...

d17b0659 ffb6 44da 9c59 4d1ab4ac9148 204aa545 1fb7 4a7b 9b9a d20eff658009 940aa81c f90d 4ef4 81d5 880bde7b0672 60a26bc8 8369 4534 ba03 626b6dc8924c cc5a9108 c4db 4634 82a8 dc54aecd1ec3 6708e4fa 5c2d 4c4d 91c1 2d24bac77ae1 3db68617 45e5 47b8 9f8e 341ad1f29798 91614c68 b87e 4d2e a00c 080f3b2456b7 38083773 a152 4801 abb7 87f1e07c76ff 200047f9 49fd 4941 9f0a 032e09c8dd01 9b0f6ff1 3495 42ed a74d 910427fdf534 eba256ec cd91 4f43 92b1 c53af6478793 f47b2ce1 f791 43ca 91eb 1fef85f178d0 188e24f0 7b3a 48a9 b4df 08e1854e095f 897c1d78 2e48 4611 9de8 3fed832d0654 ddf91fdf a237 4560 aeaf 85ca34cf6004 7aabe817 6797 4cd0 ba0f 92f9218904e4 716c86d6 daed 4425 8e42 43601ed34284 b8a0220c 3a3e 4d88 b645 209c23fb8b87 0597724f 6af1 4193 827f 86a2a4f7e190 900285cd f5a0 45d6 bd49 702119674966 51bf39e0 c8b7 4519 a1d5 e35f9113ace2 881f41f2 b37d 4b5c bd87 4806b08e397c