Prior month +8.3% revised to 5.7%pending home sales for January 8 -4.9% versus +1.1% expectedindex falls to 74.3 from 78.1 (revised from 77.3)Looking at the regional data:Northeast PHSI increased 0.8% from last month to 63.6, but is down 5.5% from January 2023.Midwest index decreased 7.6% to 73.7 in January, an 11.6% drop from one year ago.South PHSI declined 7.3% to 88.5 in January, a 9.0% decrease from the prior year.West index rose 0.5% in January to 61.1, but is down 7.0% from January 2023."Southern states and those in the Rocky Mountain time zone experienced faster job growth compared to the rest of the country," added Yun. "As a result, long-term housing demand is increasing more signi
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