The Traderszone Network

Published in TZ Latest News 27 September, 2017 by The TZ Newswire Staff

Pending Home Sales Plunge; NAR Admits "The Housing Market Has Essentially Stalled"

After dismal drops in existing and new home sales, this morning’s pending home sales data for August was a disaster, tumbling 2.6% MoM (3.1% YoY) to its lowest SAAR since January 2016.

This is the second YoY decline in sales in a row, with SAAR tumbling to its lowest since Jan 2016…

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