Pending home sales jump by more than expected
Advertisement
REUTERS/Mike Blake
Advertisement
The measure of the housing market was projected by economists to grow 1.0% in September from the month before.
In August, the pending sales of single family homes, condos, and co-ops fell 2.4%, declining by much more than the expected flat reading.
After the report for August, the NAR said the slowing number of homes under contract showed the "housing recovery could stall."
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Groww receives SEBI approval to launch Nifty non-cyclical consumer index fund
- Retired director of MNC loses ₹25 crore to cyber fraudsters who posed as cops, CBI officers
- Hyundai plans to scale up production capacity, introduce more EVs in India
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- Narcissistic top management leads to poor employee retention, shows research