Pending Home Sales Surge

Pending home sales rose 10 percent in October, according to the National Association of Realtors. The group’s index of signed contracts to purchase existing homes increased to 93.3 — the highest reading since November 2010, although still shy of the 100 mark that signals a healthy level. The Midwest led the way with a 24.1 percent increase in pending home sales, followed by the Northeast with a 17.7 percent jump, and the South with an 8.6 percent gain. But there was a 0.3 percent decline in the West. | Read More