September Pending Home Sales Show Slight Improvement

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WASHINGTON (October 25, 2012) – Pending home sales were little changed in September but remain well above a year ago, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, edged up 0.3 percent to 99.5 in September from 99.2 in August and is 14.5 percent above September 2011 when it was 86.9. The data reflect contracts but not closings.

Lawrence Yun , NAR chief economist, said pending home… Read More

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