According to the National Association of Realtors, pending home sales rose 0.5% in September after a revised reading of -1.9% in August. However, on a YoY basis, pending home sales declined 3.4% in September. This is the ninth month out of the last 10 months that pending home sales declined YoY.
Pending home sales rose 4.5% in the Golden West. Perhaps it was due to the LA Lakers finally winning a game this season after acquiring Lebron James from the Cleveland Cadaverliers.