Pending Home Sales Sank 20.8% in March | Eye On Housing.
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Pending Home Sales Sank 20.8% in March
by Fan-Yu
Kuo |
After hitting 3-year high in February, pending home sales
plunged sharply to its lowest level in March since May 2011, as coronavirus
pandemic shut down most economic activity. The Pending Home Sales Index (PHSI),
reported by the National Association of Realtors (NAR), is a forward-looking
indicator based on signed contracts. The PHSI sank 20.8% from […]
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