September pending home sales slowed compared to last month, but still remain 3 percent higher than September 2014, the National Association of REALTORS® (NAR) reported today.NAR’s Pending Home Sales Index tracks contract signings.
NAR Chief Economist Lawrence Yun said lower housing inventory and a sluggish economy may be prompting some buyers to delay purchasing a home. But, Yun added, low mortgage rates, rising rents and job growth should keep housing demand at healthy levels in the months to come. Read more.
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