‘Slowest In Nearly A Decade’: Pending Home Sales Drop Again

Pending home sales in the US fell more than expected in April, data out Thursday showed. The 3.9% decline was nearly twice as large as the forecasted drop, although it was well short of the most pessimistic estimate from more than two-dozen economists. It was the sixth consecutive monthly decline (figure below). Just one of four regions saw an increase. In the Northeast, contract activity plunged more than 16%. "Pending contracts are telling, as they better reflect the timelier impact from