Pending Home Sales Underwhelm…Again

Hurricanes Harvey, Irma Could Stop Existing Sales Short of 2016
Pending home sales again underwhelmed in August, down 2.6 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 106.3 in August, down from 109.1 in July. The Index is based on contract signings.“August was another month of declining contract activity because of the one-two punch of limited listings and home prices rising far above incomes,” says Lawrence Yun, chief ec