Pending home sales fell unexpectedly in September, likely due to higher mortgage rates

Pending home sales, which are a measure of signed contracts to buy existing homes, fell an unexpected 2.3% in September compared with August, according to the National Association of Realtors.

Analysts were predicting a slight monthly gain. Sales were 8% lower compared with September 2020.

https://www.cnbc.com/2021/10/28/pending-home-sales-fell-unexpectedly-in-september.html