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.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Impact fees garner support from state community leaders
  2. Protesters refuse to pay back education loans
  3. Concurrent Technologies focuses on developing batteries for renewable energy, electric cars
  4. Profit increases 12% at Dick’s Sporting Goods
  5. Sales, profit rebound as American Eagle Outfitters returns to roots
  6. Stocks fall further from record highs