Daily market update: Oct. 29, 2015

Our daily summary of market news, updated regularly with new tidbits

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We'll add more market news briefs throughout the day. Check back to read the latest. NAR's Pending Home Sales Index for September 2015: NAR reported that the September index was the second-lowest reading in 2015. The index declined 2.3 percent to 106.8 in September from 109.3 in August. The index has still increased year-over-year for 13 months. ProTeck Valuation Services' Home Value Forecast (HVF) for October: The HVF recorded that 29 core-based statistical areas (CSBAs) received their highest raw score possible. All 29 CSBAs have less than four months of remaining inventory. Of those 29 CSBAs, 21 are west of the Rockies.'s Q3 Investor Activity Report: Flipping is the preferred investment strategy among investors for the fourth consecutive quarter. Investor intent varies depending on the type of auction and investor profile. Respondents making a one-time purchase preferred hold-to-rent strategies, while full-time investors favored flippi...