Pending home sales in the U.S. decreased for the fifth straight month in March, according to a report released by the National Association of Realtors on Wednesday.
NAR said its pending home sales slumped by 1.2 percent to 103.7 in March after plunging by 4.0 percent to a revised 105.0 in February. Economists had expected pending home sales to tumble by 1.6 percent.
A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.