The number of pending home sales in the US decreased in December

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The index of pending home sales fell to 99.0 in December. The November index, which was 2.2% higher, was revised from 101.4 to 101.2. According to analysts, the index was expected to grow by 0.5%. Unfinished contracts for the sale of housing - an indicator that is used for the forecast. These contracts become sales in 1-2 months. Sales declined to a record low in December, while real estate prices grew at the lowest rate. A 9.8% drop in pending sales was the 12th consecutive drop. Partial government shutdown did not change sales in December: 75% of realtors did not feel its influence. Consumer confidence in the real estate market has fallen due to high prices and mortgage rates, as well as a correction in the stock market.

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