"pending home sales index" tag

Purchase incentives

The National Association of Realtors (NAR) has reported that pending home sales slowed a bit in August.

The new normal

The Pending Home Sales Index (PHSI) decreased slightly (meaning 1.1%) in June as compared to May of this year. It is also 7.3% below a year ago.

Sellers wanted

It’s no surprise that the February pending home sales somewhat leveled off with home inventory down.

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