TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Housing contracts rise as mortgage rates fall

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Friday, Aug. 29, 2014, 12:01 a.m.
 

More Americans signed contracts to buy homes in July, a sign that buying has improved as mortgage rates have slipped, the number of listings has risen and the rate of price increases has slowed.

The National Association of Realtors said on Thursday that its seasonally adjusted pending home sales index rose 3.3 percent to 105.9 last month. Still, the index remains 2.1 percent below its level a year ago.

Pending sales are a barometer of future purchases. A one- to two-month lag usually exists between a contract and a completed sale.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. S&P 500 logs 47th record high close for year
  2. In ‘StockCity,’ real investing like game
  3. Lower gasoline prices fail to spur consumer spending
  4. Retailers that won’t open on Thanksgiving hope move pays off
  5. Federal agency checking whether Highmark has enough doctors in Medicare plan
  6. Housing prices nudge upward as more homes on market
  7. Google applies tech to medical device
  8. Thanksgiving deals called the best
  9. Butler County firm Deep Well Services tackles tough gas wells
  10. Westinghouse to construct colossal nuke plant in Turkey
  11. Axed contracts push doctors from network, UPMC says
Subscribe today! Click here for our subscription offers.