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
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