Pending home sales sink 10% in September as mortgage rates climb

Oct. 28, 2022 10:00 AM ETBy: Liz Kiesche, SA News Editor6 Comments

Homes Sales And Spending On Construction Rise Slightly Higher In March

Justin Sullivan/Getty Images News

September Pending Home Sales: -10.2% M/M to 79.5 vs. -3.8% consensus and -1.9% in August (revised from -2.0%). That's the fourth straight month of declines.

Y/Y, pending transactions slumped by 31%.

"Persistent inflation has proven

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