U.S. December Pending Home Sales Drop 9.3% Month-on-Month

U.S. December Pending Home Sales Drop 9.3% Month-on-Month

The housing market saw a sharp monthly decline, far exceeding forecasts of a 0.3% drop and reversing November's 3.3% gain.

Fact Check
The statement's truthfulness is confirmed with a high degree of certainty due to unanimous agreement across all provided sources, including the primary originator of the data.The National Association of REALTORS® (NAR), which compiles and publishes the Pending Home Sales Index, explicitly states in its official press release, its social media announcements, and its official magazine that pending home sales decreased by 9.3% in December. This direct confirmation from the primary source is the strongest possible evidence.This key statistic is further corroborated by multiple independent and highly authoritative secondary sources. Major news outlets such as Reuters and CNBC, a specialized industry publication like HousingWire, and an economic data aggregator, Trading Economics, all report the exact same figure (a 9.3% decrease for December), citing the NAR's data release. There are no contradictions or discrepancies among any of the sources. The complete consistency between the primary data publisher and numerous reputable third-party reports provides overwhelming evidence supporting the accuracy of the statement.
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Summary

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Terms & Concepts
  • Pending Home Sales: A measure of signed housing contracts that have not yet closed, serving as a leading indicator for existing home sales.