US pend­ing home sales surged 3.5 per­cent

The Columbus Dispatch - - Market Summary -

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

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