REUTERS/Richard Clement
Economists polled by Bloomberg are looking for pending home sales to stay flat, compared with a 1.6% month-over-month fall in August.
Meanwhile, on the year, pending home sales are expected to rise 3.6%, compared with a 2.9% in August.
Investors watch this number because it is considered a leading indicator of the housing market.
The PHSI looks at all homes where a contract has been signed but the sale is not complete.