Ugly, Ugly, Ugly.

Pending home sales.

Also read - Bay Area home sales tank 10 percent in August — to the slowest pace in 7 years.

*Total home sales for the Bay Area fell nearly 10 percent compared with August 2017, according to CoreLogic. 

*Sales increased 1.8 percent compared with July, but the total volume was nearly 18 percent below the August average going back to 1988 and the lowest since August 2011. 

*Sales activity for the summer, June through August, was the slowest in seven years.

Emphasis mine.