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U.S. Pending Home Sales Rebound to Highest Level of the Year

  • Index reverses September decline, rising to 125.2 in October
  • Contract signings increased across all four U.S. regions
Photographer: David Paul Morris/Bloomberg
Updated on

A forward-looking gauge of U.S. home purchases rebounded in October to a 10-month high, signaling steady housing demand despite growing affordability concerns among many prospective buyers.

The National Association of Realtors’ index of pending home sales increased 7.5% from a month earlier to 125.2, according to data released Monday. The median estimate in a Bloomberg survey of economists called for a 1% advance.