Morning Minute: Pending home sales slow in September, but still higher than a year ago

Photo credit: BigStock

Photo credit: BigStock

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.

In other headlines:

5 Ways to Ease Moving Day Tension – NAR Daily Real Estate News

RealtyTrac: Is home flipping making a comeback? – HousingWire

Leave a Reply

Your email address will not be published. Required fields are marked *