Buyers are back in the housing market, but they are still having a hard time finding what they want and what they can afford.

The pending home sales index from the National Association of Realtors rose 1.6% in August, compared with July, and was 2.5% higher year over year. This index measures signed contracts to buy existing homes. August’s gain reversed a slump in July and was likely fueled by falling mortgage rates.

“It is very encouraging… Click Here to Continue Reading