Posted on October
27, 2014 by Rory Mark Schmer from South Florida
Pending
home sales rose slightly in September and are above year-over-year levels for
the first time in 11 months, according to the National Association of Realtors®
(NAR). The Pending Home Sales Index, a forward-looking indicator based on
contract signings, inched 0.3 percent higher to 105.0 in September compared to
one month earlier – 104.7 in August.
However,
pending sales rose 1.0 percent year-to-year in a comparison to September 2013
(104.0). The index is above 100 for the fifth consecutive month, and it's the
second highest level for pending sales since last September.
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