Nov
30
Pending Sales of U.S. Existing Homes Increased 0.1% in October
ByContracts to purchase previously owned U.S. homes increased marginally in October as a strong labor market and growing wages continue to support demand, according to figures released Wednesday from the National Association of Realtors in Washington.
Key Points
- Pending home sales gauge rose 0.1 percent (matching the median forecast) after rising 1.4 percent the prior month
- Index increased 0.2 percent from October 2015 on an unadjusted basis
- Pending sales climbed in three of four U.S. regions on a month-to-month basis…
Pending Sales of U.S. Existing Homes Increased 0.1% in October
