WASHINGTON - The number of Americans signing contracts to buy homes fell slightly in October as tight credit and lagging wages remained financial hurdles for would-be homebuyers.
The National Association of Realtors said Wednesday its seasonally adjusted pending home sales index fell 1.1 per cent in the past month to 104.1. The index remains below its 2013 average but is 2.2 per cent higher than last October.
WASHINGTON - Americans bought homes in October at the briskest pace this year, a sign that the sluggish housing market is turning around.
Sales of existing homes rose 1.5 per cent to a seasonally adjusted annual rate of 5.26 million last month, the National Association of Realtors said Thursday. That's up from a revised pace of 5.18 million in September. October marked the first month in 2014 when sales increased compared to a year ago, registering a 2.5 per cent gain.