US Pending Home Sales Unexpectedly Fall in September

US Pending Home Sales Unexpectedly Fall in September
Newly constructed single family homes are shown for sale in Encinitas, Calif., on July 31, 2019. Mike Blake/Reuters
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WASHINGTON—Contracts to buy U.S. previously owned homes unexpectedly fell in September likely as some potential buyers delayed purchases amid higher prices.

The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, decreased 2.3 percent last month to 116.7. Pending home sales fell in all four regions.