​US Pending Home Sales Exploded Higher In September As Mortgage Rates Fell, But… – Tyler Durden

US Pending Home Sales Exploded Higher In September As Mortgage Rates Fell, But… Existing home sales slumped (14 year low), but new home sales surged in September, so today’s Pending Home Sales data is the tiebreaker for just what a shitshow the US housing market is. And the winner is… Pending home sales surged 7.4% MoM (+1.9% exp) in September – that is the biggest MoM jump since the COVID lockdowns (June 2020)… Source: Bloomberg This giant jump sent the YoY sales print up 2.16% YoY – the first annual gain since Nov 2021. “Contract signings rose across all regions…  — Continue at ZeroHedge News : Read More