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Here Comes Pending Home Sales...

Sam RoOct 27, 2014, 19:14 IST

At 10:00 a.m. ET, we'll get the September report on pending home sales.

Economists estimate pending sales climbed 1.0% month-over-month or 2.2% year-over-year.

"Pending home sales, which track signed contracts, are a good leading indicator of existing sales, but are much more noisy," Bank of America Merrill Lynch economists said. "In general, the recent trend has been one of improvement after the setback in the second half of last year."

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