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Pending Home Sales in U.S. Dip in November

Pending Home Sales in U.S. Dip in November

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By WPJ Staff | January 2, 2019 8:10 AM ET

 

According to the National Association of Realtors, pending U.S. home sales overall slipped in November 2018, but saw minor increases in the Northeast and the West.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, decreased 0.7 percent to 101.4 in November, down from 102.1 in October. However, year-over-year contract signings dropped 7.7 percent, making this the eleventh straight month of annual decreases.
 

 

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