Tag Archives: Pending-home sales up by most in almost a year

Pending sales of existing U.S. homes surged in October by the most in nearly a year as Americans took advantage of low interest rates for mortgages, data from a real estate trade group showed on Wednesday. The National Association of Realtors Pending Home Sales Index, based on contracts signed in October, rose 10.4 percent to 93.3 from 84.5 in September. That was the biggest monthly gain since November 2010. Economists polled by Reuters had expected pending home sales to climb 1.5 percent. “We hope this indicates more buyers are taking […]