US pending home sales plunge 7.3% month-over-month in September to record low
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View chart & analysis → - 1US pending home sales fell 7.3% month-over-month in September, bringing the pending home sales index to an all-time low.
- 2Contracts in the West region decreased by 9.2% in September compared to August.
- 3Freddie Mac's 30-year fixed mortgage rate stood at 7.40% for the week of October 11.
So what's the key point?
The number of contracts for home purchases in the US fell 7.3% from last month, reaching the lowest level ever recorded. The housing market has contracted significantly as the number of people looking to buy homes has decreased.
Source Bloomberg +3 · View original ↗
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