What’s behind drop in sales contracts?

sales contracts

sales contractsDaily Real Estate News

Pending home sales lost more ground in September, reaching the second lowest level of the year, according to the National Association of REALTORS®’ Pending Home Sales Index, a forward-looking indicator based on contract signings. Pending home sales dropped 2.3 percent month-over-month in September as all four of the major U.S. regions saw a decrease in contract activity.

Lawrence Yun, NAR’s chief economist, says several factors are contributing to September’s cool off in contract signings.

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