Pending Home Sales Dropped 16 Percent after Rising for Nine Straight Months

Pending Home Sales Dropped 16 Percent after Rising for Nine Straight Months

January 5, 2010 by Victoria Stankard · Leave a Comment 

According to the National Association of Realtor’s (NAR) Pending Home Sales Index (PHI), there was a drop of 16%, after rising for nine consecutive months. The NAR index is based on pending contracts of existing home sales, including single-family homes and condominiums. A home sale is considered pending when the contract has been signed but [...]

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