Pending Home Sales

Pending Home Sales

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 Pending sales of homes show slight increase

Contract signings to purchase previously owned U.S. homes rose less than forecast in October after declining in the prior two months, showing residential real estate is cooling heading into the quieter selling season. An index of pending home sales increased 0.2 percent in October after a revised 1.6 percent decline a month earlier, the National Association of Realtors said Monday. Economists projected a 1 percent advance last month, according to the Bloomberg survey median. Lean inventories of available properties are limiting choices for prospective buyers who qualify for credit. At the same time, steady hiring gains and early signs of a pickup in worker pay probably will continue to support housing demand even after a recent gain in borrowing costs in anticipation of an increase in the Federal Reserve’s benchmark interest rate.


Darik Steinbach Headshot
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Phone: 952-239-4290
Dated: December 1st 2015
Views: 203
About Darik: I have been selling residential real estate in Minneapolis full time for 10+ years. I constantl...

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