US September Pending Home Sales Fall 7.3%; Peter Schiff Says Index Hits Record Low
JH Kim
Summary
- U.S. pending home sales fell 7.3% in September from a month earlier, according to the report.
- Peter Schiff said the pending home sales index fell to 66, marking a record low.
- The pending home sales index is an indicator that tracks sales activity for existing homes that are under contract but have not yet closed.
Forecast Trend Report by Period
U.S. pending home sales fell 7.3% in September from a month earlier, according to Peter Schiff. The pending home sales index dropped to 66, a record low.
Cointelegraph reported on October 20 that Schiff said U.S. pending home sales declined 7.3% in September.
The pending home sales index fell to 66, the lowest level on record, he added.
The pending home sales index tracks sales activity in existing homes that are under contract but have not yet closed.
JH Kim
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