Article updated: 11/29/2012 11:24 AM

U.S. pending home sales jump to nearly a 6-year high

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An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made home buying more attractive.

Associated Press

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An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made home buying more attractive. The increase points to healthy sales increases of previously occupied homes in the months ahead.