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Pending Home Sales Falter to 12-Month Low

February 27, 2017 5:45 pm

Pending home sales faltered in January to a 12-month low, despite a simultaneous shoot-up in existing-home sales, according to the National Association of REALTORS® (NAR). NAR’s Pending Home Sales Index (PHSI) declined 2.8 percent to 106.4, with the PHSI sinking in the Midwest, 5.0 percent to 99.5, and in the West, 9.8 percent to 94.6. […]

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