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Home / Business / Pending home sales increased by 0.5% in September, but were lower than in the previous year

Pending home sales increased by 0.5% in September, but were lower than in the previous year



  Future home buyers see a kitchen while visiting a home in Helotes, Texas.

Matthew Busch | Bloomberg | Getty Images

Future homebuyers look at a kitchen while visiting a home for sale in Helotes, Texas

Home sales have posted a small profit in September, but the pace is still lower than last year the affordability on the buyers weighs. Signed contracts for the purchase of existing homes rose 0.5 percent from August, but were 1 percent lower than September 2017, according to the National Association of Realtors. This is the ninth straight month of annual sales declines.


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