Reflecting significant growth in the West and Midwest, the National Association of Realtors released a report on Thursday showing an unexpected increase in U.S. pending home sales in the month of September.
NAR said its pending home sales index climbed by 0.5 percent to 104.6 in September after tumbling by 1.9 percent to a revised 104.1 in August.
The rebound came as a surprise to economists, who had been expecting pending home sales to edge down by 0.1 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.