The National Association of Realtors released a report on Friday showing pending home sales in the U.S. plunged by much more than expected in the month of September.
NAR said its pending home sales index tumbled by 10.2 percent to 79.5 in September after falling by 1.9 percent to a revised 88.5 in August.
Economists had expected pending home sales to slump by 5.0 percent compared to the 2.0 percent drop originally reported for the previous month.
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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.