The nation’s low interest rate environment spurred an increase in pending home sales in August, as the index rose 1.6%, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased to 107.3 in August, rising from July’s 105.6.

Contract signings compared to a year earlier climbed 2.5% from last month’s increase, NAR said. The index revealed… Click Here to Continue Reading