September U.S. Pending Home Sales Slide

Pending home sales in the U.S. declined slightly in September after four straight months of contract activity growth, says the National Association of Realtors. Still, all four major U.S. regions recorded notable year-over-year increases. The ‘Pending Home Sales Index (PHSI)’ fell 2.2 per cent to 130 in September. Year-over-year, contract signings rose 20.5 per cent.