US Pending Home Sales Hit All-Time Record Low
US Pending Home Sales collapsed -7.3% in September to the lowest level in data going back to 2001, with the West down -9.2% and the South's biggest selling region down -8.2%.
What we know
An account on X broke the data with 405 likes and 60,616 views: 'The housing market is frozen.' The West saw the steepest decline at -9.2%, while the South fell -8.2%. This adds to a broader macro narrative of tightening financial conditions flagged by another account on X and the Nasdaq being described as at a 'crossroads' with crowded longs and vanishing hedges heading into earnings season.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.