The National Association of Realtors (NAR) recently released an update on its Pending Home Sales Index (PHSI)—reporting the index is 3.5 percent below last year, and is now at its lowest reading since January 2015. According to the report, activity declined annually both nationally and in all major regions. PHSI in the South decreased 2.3 percent to an index of 115.9 …
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Source: DS News