 pending home sales rise 15 in september pending home sales rise 15 in september admin fri 5222020 1701 pending home sales rise 15 in september the midwest and south recorded gains but the northeast and west reported declines in monthovermonth contract activity the midwest and south recorded gains but the northeast and west reported declines in monthovermonth contract activity washington october 29 2019 pending home sales grew in september marking two consecutive months of increases according to the national association of realtors the four major regions were split last month as the midwest and south recorded gains but the northeast and west reported declines in monthovermonth contract activity the pending home sales index phsi wwwnarrealtor pendinghomesales a forwardlooking indicator based on contract signings rose 15 to 1087 in september yearoveryear contract signings jumped 39 an index of 100 is equal to the level of contract activity in 2001 historically low mortgage rates played a significant role in the two straight months of gains according to lawrence yun nar s chief economist even though home prices are rising faster than income national buying power has increased by 6 because of better interest rates he said furthermore we ve seen increased foot traffic as more buyers are evidently eager searching to become homeowners washington october 29 2019 pending home sales grew in september marking two consecutive months of increases according to the national association of realtors the four major regions were split last month as the midwest and south recorded gains but the northeast and west reported declines in monthovermonth contract activity the pending home sales index phsi wwwnarrealtor pendinghomesales a forwardlooking indicator based on contract signings rose 15 to 1087 in september yearoveryear contract signings jumped 39 an index of 100 is equal to the level of contract activity in 2001 historically low mortgage rates played a significant role in the two straight months of gains according to lawrence yun nar s chief economist even though home prices are rising faster than income national buying power has increased by 6 because of better interest rates he said furthermore we ve seen increased foot traffic as more buyers are evidently eager searching to become homeowners washington october 29 2019 pending home sales grew in september marking two consecutive months of increases according to the national association of realtors the four major regions were split last month as the midwest and south recorded gains but the northeast and west reported declines in monthovermonth contract activity the pending home sales index phsi wwwnarrealtor pendinghomesales a forwardlooking indicator based on contract signings rose 15 to 1087 in september yearoveryear contract signings jumped 39 an index of 100 is equal to the level of contract activity in 2001 historically low mortgage rates played a significant role in the two straight months of gains according to lawrence yun nar s chief economist even though home prices are rising faster than income national buying power has increased by 6 because of better interest rates he said furthermore we ve seen increased foot traffic as more buyers are evidently eager searching to become homeowners title carousel header button carousel content that s who we r nar identifies top 10 housing markets for millennials during the pandemic locations close to public transit boost residential commercial real estate values shiny new deals for realtors  image  