IPFS News Link • Housing
Pending Home Sales Plunge, GDP Delayed, Jobs on Time
• https://moneymaven.io, by Mike Mish ShedlockThe pending home sales index is a leading indicator of existing home sales (resales). The National Association of Realtors (NASR) developed the index.
Pending home sales are those in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale