Tuesday, 28 June 2022 | The Latest Buzz for the Appraisal Industry

Pending Home Sales Fall for Sixth Straight Month

The National Association of Realtors® (NAR) says its Pending Home Sales Index (PHSI) in April represents a sixth consecutive monthly decline. The Index, based on signed contracts to purchase existing homes, slid 3.9 percent from March to a 99.3 reading. Both new and existing home sales also experienced significant drops during the month. In October, the last time pending sales posted a gain, the index was at 125.1. The An index of 100 is equal

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