Summary
WASHINGTON -- A gauge of pending sales of homes rose 10.4 percent in October due to "excellent" housing affordability conditions, but activity needs further improvement to reach a healthy level, the National Association of Realtors reported Thursday.
The association's pending-home-sales index rose to 89.3 in October from 80.9 in September. The 10.4 percent gain is the largest on record, with the data going back to 2001.See the full content of this document
Extract
Pending Home Sales Rise Sharply
Pending sales reflect contracts signed between home buyers and sellers, and closing a sale u...
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