Thursday, 29 September 2022 | The Latest Buzz for the Appraisal Industry

Pending Home Sales Decrease Nearly 4 Percent in April 2022

Pending home sales slipped in April, as contract activity decreased for the sixth consecutive month, the National Association of Realtors reports. Only the Midwest region saw signings increase month-over-month, while the other three major regions reported declines. Each of the four regions registered a drop in year-over-year contract activity.

The Pending Home Sales Index (PHSI) slid 3.9% to 99.3 in April. Year-over-year, transactions fell 9.1%. An index of 100 is equal to the level

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