Pending home sales in the U.S. decreased for the fifth consecutive month in October, according to a report released by the National Association of Realtors on Wednesday.
NAR said its pending home sales index tumbled by 4.6 percent to 77.1 in October after plunging by 8.7 percent to a revised reading of 80.8 in September.
Economists had expected pending home sales to slump by 5.2 percent compared to the 10.2 percent nosedive originally reported for the previous month.
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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.