Lawrence Yun, NAR chief economist, says a robust increase in the West and a healthy bump in the South pushed pending sales upward in September. "Buyer demand is holding up impressively well this fall with Realtors® reporting much stronger foot traffic compared to a year ago 1," he said. "Although depressed inventory levels are keeping home prices elevated in most of the country, steady job gains and growing evidence that wages are finally starting to tick up are encouraging more households to consider buying a home."
Euro is currently being traded around 1.0920 level, Sterling is near 1.22 area, while Aussie is at 0.76 handle.
