Pending Home Sales Plunge In September To Lowest Since Jan 2015

Following September’s modest bounce in exisitng home sales, and explosion in new home sales (biggest jump in 25 years), today’s pending home sales was a huge disappointment, blowing the bounce back narrative.

Pending Home Sales tumbled 5.4% YoY…

https://i0.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/22/20171026_homes1.jpg

To its lowest since Jan 2015…

https://i2.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/22/20171026_homes2.jpg

Take your pick – is the housing ‘recovery’ good, bad, or ugly…

https://i2.wp.com/www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/10/22/20171026_homes_0.jpg

Source: ZeroHedge

 

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