Pending Home Sales Rose 6.1% In September

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Pending home sales rose for a record straight eighth month in September, according to a report released by the National Association of Realtors on Monday, with the pending home sales index rising to its highest level since December of 2006.

The report showed that the pending home sales index rose 6.1 percent to 110.1 in September from a reading of 103.8 in August. The increase by the index came as a surprise to economists, who had expected the index to edge down 0.1 percent.

Pending home sales rose for a record straight eighth month in September, according to a report released by the National Association of Realtors on Monday, with the pending home sales index rising to its highest level since December of 2006. (Market News Provided by RTTNews)