Pending home sales rise 1.9% in October

Breakdown

• Pending home sales increased by 1.9% in October compared to September, beating expectations. 6s
• Sales were 0.4% lower than October of the previous year, based on signed contracts during a period of falling mortgage rates. 14s
• Sales rose in all regions except the West, where they declined; the West remains the priciest region. 38s
• Nearly 85,000 U.S. sellers delisted their homes in September, up 28% year-over-year and the highest for that month in eight years. 53s
• Consumer sentiment is believed to be influencing the increase in property delistings. 1m 4s