US Pending Home Sales Rise 0.3% in August, Beating Estimates

According to Sina Finance, the National Association of Realtors said its pending home sales index rose 0.3% month over month in August, compared with the median estimate for a 0.1% decline. The 22 economists surveyed had forecast a range from a 0.3% decline to a 1.4% increase. Unadjusted pending home sales fell 4.9% from a year earlier, after a 2.9% decline in the previous month.