The National Association of Realtors released a report on Thursday showing an unexpected rebound in pending home sales in the U.S. in the month of September.
NAR said its pending home sales index jumped by 1.1 percent to 72.6 in September after plunging by 7.1 percent to 71.8 in August. Economists had expected pending home sales to slump by another 1.5 percent.
"Despite the slight gain, pending contracts remain at historically low levels due to the highest mortgage rates in 20 years," said Lawrence Yun, NAR chief economist. "Furthermore, inventory remains tight, which hinders sales but keeps home prices elevated."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.