In a positive turn for the housing market, pending-home sales in the United States reached the highest level in a year, standing at a seasonally adjusted annual rate of 401,000 in October. This suggests a growing interest and demand for homes among prospective buyers. While specific dates are not mentioned in the text, the market update reflects a recent development, potentially indicating a positive trend in the real estate industry.

Key Points:

– Pending-home sales in the U.S. surged to the highest level seen in a year.
– The seasonally adjusted annual rate for October stood at 401,000.
– This rise in pending-home sales indicates an increased interest and demand for housing.
– The positive trend suggests a potentially healthy real estate market.
– The update highlights a positive outlook for buyers and sellers in the housing industry.

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