Reported 27 days ago
In September, pending home sales in the US climbed 7.4%, marking the largest gain in over four years, driven by lower borrowing costs and increased market inventory. Despite the rise, the index remains historically low, as many buyers await further decreases in mortgage rates. Sales growth occurred nationwide, with predictions of continued improvement if job growth and stable mortgage rates continue, potentially leading to a recovery in the existing-home market in the coming years.
Source: YAHOO