US pending home sales for August 0.6% versus 1.0% expected ...Middle East

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Prior month -5.5% Pending home sales for August 0.6% versus 1.0% expectedIndex comes in at 70.6 versus 70.2 last monthMonth over month, contract signings rose in the Midwest, South and West but dropped in the Northeast.Compared to one year ago, pending home sales decreased in the Northeast, Midwest and South but increased in the West.Details:The Pending Home Sales Index (PHSI) increased to 70.6 in August, down 3.0% year-over-year.The Northeast PHSI dropped -4.6% to 61.6 in August, down 2.2% year-over-year.The Midwest index rose +3.2% to 70.0 but declined 3.6% from last year.The South PHSI increased +0.1% to 83.6, down 5.3% year-over-year.The West index grew +3.2% to 58.0, up 2.7% year-over-y

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