The numbers: The index of pending home sales dropped 2.2% in September compared with the previous month, breaking a four-month streak of increases, the National Association of Realtors reported Thursday.
The index measures real-estate transactions where a contract was signed for a previously-owned homes but the sale had not yet closed, benchmarked to contract-signing activity in 2001.
Compared with a year ago, contract signings were up 20.5%.
What happened: The Northeast was the only region that experienced a monthly increase in pending home sales, with contract signings rising 2% in September.
The Midwest, meanwhile, had the…