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<ul><li><a href="https://www.forexlive.com/news/us-pending-home-sales-for-october-46-vs-50-estimate-20221130/" target="_blank" rel="follow">Prior report</a>.  Fell -4.6% last month (was expecting at -5.0% decline)</li><li>Pending home sales for November 2022 -4% versus -0.8% expected</li><li>Pending home sales index 73.9 vs 77.0 last month (revised from 77.1)</li><li>Pending home sales -37.8% from November 2021</li></ul><p>The pending home sales index is near/below the 2010 low at 75.7. The post pandemic low from April 2009 reached 69.0. At 73.9 that level is in danger of being reached.</p><p>The housing market has been directly impacted by the feds policy in 2022 which pushed up mortgage interest rates. The thirty-year mortgage rate as a soared from 3.11% to 7.08% in 2022. The current rate is near 6.27%.</p><p>Looking at the districts:</p><ul><li>Northeast is down -7.9%</li><li>South is down -2.3%</li><li>Midwest is down -6.6%</li><li>West is down -0.9%</li></ul><p>\inflation</p>

                This article was written by Greg Michalowski at www.forexlive.com.