December 13, 2024

home salesPending home sales fell in November compared with a month earlier, as credit tightened and economic conditions deteriorated, according to a recent NAR report.

The Pending Home Sales Index (PHSI), a forward-looking indicator based on contracts signed in September, declined 4.6 percent to 89.2 from an upwardly revised reading of 93.5 in August, but is 1.6 percent higher than September 2007, when it stood at 87.8.  

Related posts:

San Diego Real Estate Market … What Did You Expect?

San Diego Real Estate – 5th Largest Decline Through July

San Diego Home Sales Up … San Diego Home Median Price Drops

Southern California Home Prices Drop 34% in August

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11 thoughts on “HOME PENDING SALES FALL

  1. The extraordinarily high prices for San Diego real estate really make the investment potential very risky when the average rent doesn’t come anywhere near the carrying charges an owner has to pay.

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