NAR: Pending Home Sales Edge Up In September

NAR: Pending Home Sales Edge Up In September

Key Takeaways

After a dismal August, NAR’s Pending Home Sales Index rebounded to the fifth highest numbers seen in a year.

September’s PHSI rose 1.5 percent to 110.0 from a downwardly revised 108.4 in August.

Everyone loves a good comeback. In January, the Cleveland Cavaliers rebounded from a 3-1 finals performance to clinch the top spot in the NBA. In a week, the Chicago Cubs may complete one of the greatest comebacks ever by winning the World Series for the first time since 1908.

And, according to the National Association of Realtors’ latest Pending Home Sales Index, the housing market may be at the beginning of a Cinderella story of its own.

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