Pending home sales fell 4.6 percent in September

Pending U.S. home sales fell more than expected in September, after posting a big jump in the previous month.
   
The National Association of Realtors says its seasonally adjusted index of pending sales for existing homes fell 4.6 percent to a reading of 89.2. That’s down from an upwardly revised August reading of 93.5.
   
Economists surveyed by Thomson Reuters expected a September reading of 90.6.
   
The index was 1.6 percent above year-ago levels. It sunk to a record low of 83 in March, and stood at 87.8 in September 2007.