2025.11.2515:09:12UTC+00US Pending Home Rise More than Expected

In October 2025, pending home sales in the United States increased by 1.9% from the previous month. This marked a significant improvement from the revised 0.1% growth observed in September and surpassed the initial forecast of a 0.5% rise. The upward trend was noted across all regions, with the Midwest experiencing the largest increase at 5.3%, followed by the Northeast with 2.3%, the South at 1.4%, and the West at 1.5%. Lawrence Yun, the Chief Economist for the National Association of Realtors, highlighted the Midwest's performance as being driven by enhanced affordability, whereas the more costly West region saw a slowdown in contract signings. Yun further explained that the period from November to February typically results in longer market durations, offering potential buyers more leverage during the holiday period. He also noted that the job growth witnessed in September, after a brief data blackout, provides reassuring signs that the economy is not heading towards a recession, which could enhance confidence in future home purchases.