| Economic Event | Pending Home Sales |
| Units | Percentage Change from Previous Period |
| Current Period | Jan 2009 |
| Release Date | Mar. 03. 09 |
| Reported | -7.7 |
| Consensus for Current Period | -0.3 |
| Number of Forecasts | 3 |
| Economic Surprise | -7.4 ( -2466.67 % ) |
| Prior Period | Dec 2008 |
| Reported Value for Prior Period | 4.8 |
| Revised From | 6.3 |
| Next Release Date | Apr. 01. 09 |
| Next Release Time | 10:00 AM Eastern Time |
| Source | http://www.realtor.org/press_room/news_releases/2009/03/phs_down_housing_affordability |
| Note | |
| Description | It is designed to be a leading indicator of housing activity. The index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. |