A sale pending sign is posted in front of a home for sale in San Anselmo, Calif., on March 18, 2022. Justin Sullivan/Getty Images
U.S. pending home sales rose 4 percent month-over-month in August, a significant reversal from July’s 0.4 percent decline and well above the consensus estimate of a 0.3 percent increase, according to a Sept. 29 report from the National Association of Realtors (NAR).
Pending home sales rose 3.8 percent year-over-year in August, according to the report, which tracks national data on homes under contract.
