Pending Home Sales Unexpectedly Plunge 4.6%

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Photo: Andreas Praefcke, Wikimedia Commons

Update: There’s an ugly number.Pending home sales unexpectedly plunged 4.6% compared to expectations of 0.4%.

This is well worse than the 1.2% decline in the previous month, August).

The full announcement is here.

Original post: Not the most sexy of the housing data, but still interesting…

Anal yts expect 0.4% growth on the pending home sales measure, an improvement from the decline of 1.2% we saw in August.

We’ll have the number out at 10.

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