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US pending home sales for October 2.0% versus -2.0% estimate ...Middle East
Prior month +7.4%DetailsPending home sales 2.0% versus -2.0% expectedHome sales index 77.4 versus 75.8 last monthSales up 5.4% year on year. Highest level since March. Regionally:Northeast 4.7% MoM and +7.2% YoYWest 0.2% MoM 16.8% YoYMidwest 4.0% MoM and 1.8% YoYSouth 0.9% MoM and 2.5% YoY There is more supply which could be helping the pending home sales. The number of active listings up 29% for the year. The number of Lockbox openings rose 7% in October vs last year according to SentriLock which is also a positive indicator.NAR chief economist Lawrenc Yun said: "Homebuying momentum is building after nearly two years of suppressed home sales. Even with mortgage rates modestly rising des
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