

Glimmers of Hope for Housing as Pending Sales Tick Up
After an August stalling, pending home sales in September ticked up 0.5 percent, according to the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). Activity on an annual basis dipped 1 percent. According to the Index, activity broke through in the Midwest and West, where, from August to September, the Index tracked up 1.2 percent and 4.5 percent, respectively. Compared to September 2017, however, the Index was lower, down 1.1 percent in the Midwest and