Pending Home Sales Slide

Pending Home Sales

The National Association of Realtors reported today that US pending home sales were off for a second straight month in September.

Bob Schwartz, San Diego real estate broker

What’s being reported here our statistics for pending existing home sales, also commonly referred to as resales. Once in existing home sale as an accepted contract, but prior to the actual closing, it is considered a pending home sale.

For September the decline in pending existing home sales was 2.3% when compared to August 2015. This marks the third month to month drop for home resales so far this year.

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