On Wednesday, the National Association of Realtors (NAR) released its Pending Home Sales Index (PHSI) for August, revealing an overall downgrade for the 2017 forecast. The index, based on contract signings, fell 2.6 percent to 106.3 in August from 109.1 in July, making August the lowest reading since January 2016. According to the data, pending …
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Source: DS News