US pending home sales surged 3.5 percent
WASHINGTON — More people signed contracts in October to buy homes, ending three straight months of declines.
The National Association of Realtors said Wednesday that its index of pending home sales jumped 3.5 percent to 109.3 in October.
Despite the increase, the index remains slightly below its level of 12 months ago. Home buying has faced a downward pull largely because fewer homes are available for purchase. Sales listings have fallen 10.4 percent from a year earlier to 1.8 million, the fewest homes