Housing market: A gauge of future home sales just turned negative despite 9 weeks of falling mortgage rates | NYGazet

“A lot of buyers are hesitating because they’re worried about potentially losing their jobs, losing money in their stock portfolio, and the economy in general."

Pending home sales, or signed contracts leading up to a sale, fell for the first time in nearly three months, slipping about 1% during the four weeks ending Sept. 21 compared to a year earlier, according to a Redfin report on Thursday. That’s despite... [2222 chars]