US September pending home sales -7.3% vs -0.5% expected

Prior was +0.3% Index 66.0 vs 71.2 prior Sales -12.6% y/y This is a record low in pending home sales. Everyone is flagging the AI bubble bursting as the main risk for 2027 but another leg lower in housing could be a real problem for the economy, and I don't expect any help from…