US Pending Home Sales Hit Record Low in September
The National Association of Realtors' pending home sales index fell 7.3% from the previous month to its lowest level on record.
Pending home sales in September dropped to a record low, as rising mortgage rates weighed on the housing market. The National Association of Realtors’ pending home sales index fell 7.3% from the previous month, reaching its lowest level since the metric was introduced.