Pending Home Sales Edged Up 0.6% in August

Month over month, contract signings rose in the Midwest, South and West but dropped in the Northeast. 

Mortgage Demand, Home Tours Up

Mortgage-rate locks rose 68% from a month earlier in the days after the Fed announced its interest-rate cut. Many house hunters had been waiting for the cut.

August New Home Sales Fall

Expectations of the Federal Reserve beginning the first in a series of rate reductions kept potential home buyers in a holding pattern in August.

U.S. Homebuilder Stocks Surge

Homebuilder stocks have surged as investors expect these companies to thrive from lower mortgage rates and a boost in building activity.