Sales of pending US home sales increased by 1.5% in September

NAR said that pending home sales index growth based on the signing of the contract with the higher number of 2.4% compared to September last year.

After significant declines in May 8/2016, sales in the US pending home sales rose 1.5% in September and 5th are high in the past year.

Sales of pending US home sales increased by 1.5% in September

According to the latest data from the National Association of Realtors (NAR), sales increased in the western region and the South, fell in the Midwest and Northeast.

NAR said that pending home sales index growth based on the signing of the contract with the higher number of 2.4% compared to September last year.

Lawrence Yun, NAR chief economist, said the strong rise in the South West and the South has pushed sales pending home sales increased in January 9/2016, demand from home buyers also rose sharply. Although inventory levels remain high but rising house prices almost across the country.

According to Yun, the index showed positive overall development of the real estate market, continue to be improved by the end of 2016.

The results of analysis of indicators showed that sales fell 1.6% in the Northeast, but still higher than last year's 7.7%. Meanwhile, sales in the Midwest region pending home sales fell 0.2% and is lower than 9/2015 of 1% monthly.

It is reported that pending home sales business in the South rose 1.9% and 1.7% higher today than in September 2016. In the western region sales rose 4.7% in September .