Pending home sales rebound in August as the slump in the West appears to be over

The pending home sales index from the National Association of Realtors rose 1.6% in August, compared with July, and was 2.5% higher year over year. This index measures signed contracts to buy existing homes. August's gain reversed a slump in July and was likely fueled by falling mortgage rates.

Regionally, pending home sales in the Northeast rose 1.4% monthly and were 0.7% higher than a year ago. In the Midwest, sales increased 0.6% monthly and were 0.2% higher annually. Sales in the South increased 1.4% monthly and 1.8% annually, and in the West sales jumped 3.1% monthly and were 8.0% higher compared with August 2018.

Source: News Formal (newsformal.com)

220 N 6th St. Brooklyn, NY 11211 {-$3,098,309.88} Universal Shareholder: {-$1,064,175.58}

Stop interpreting the news for us! Well make our own opinions about the data. Your click bait headlines that have your bullish agenda are nauseating

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi consumer prices fall in August for eighth month in a rowSaudi Arabia's consumer prices fell in August from a year earlier for the e... Wow she's hot
Source: Reuters - 🏆 2. / 97 Read more »

China's August soy imports from U.S. surge as cargoes clear customsChina's soybean imports from the United States in August rose six-fold from...
Source: Reuters - 🏆 2. / 97 Read more »

China's August nickel ore imports from Indonesia surge 26.5% ahead of banChina's nickel ore imports from Indonesia rose 26.5% year-on-year in August...
Source: Reuters - 🏆 2. / 97 Read more »

Lower mortgage rates stimulate lethargic U.S. housing marketSales of new U.S. single-family homes rebounded more than expected in August, th... TV Lower interest rates? Our first mortgage rate (FHA) was 15 3/4% in 1982! Lift that! TV oh my, no recession? is it possible that the USA is in prosperity? will impeachment help the DEMS?
Source: Reuters - 🏆 2. / 97 Read more »

Best Quiche Recipe on Food52Our test kitchen's best quiche recipe has a flaky-tender crust, a silky-smooth custard, and can be customized with whatever mix-ins you want.
Source: Food52 - 🏆 113. / 63 Read more »

Give the House a Fall Refresh With Walmart's 50% Off Home SaleGet ready for 'hosting season' with these deep home discounts.
Source: CafeMom - 🏆 701. / 51 Read more »