US pending home sales plunge 7.3% in September to 66.0, lowest in 25 years

US pending home sales fell 7.3% month-over-month in September to an index of 66.0, the lowest in 25 years, well below the -0.7% estimate and reversing August's 0.3% gain. Sales were down 11.3% year-over-year, with all four regions weakening, led by the West (-9.2%) and South, as buyers fled high mortgage rates.

Detected & updated continuously · Source: Nebula