Home sales may improve shortly according to The National Association of Realtors pending home sales index. The index jumped to 82.3 in August from 78.9 in July. Pending sales reflect contracts signed between home buyers and sellers. Lawrence Yun, Chief Economist of NAR, said ultra-low interest rates are drawing buyers back into the market, though the housing sector is still subdued. A year earlier, the pending home sales index stood at 103.0. “The pace of a home sales recovery still depends more on job creation and an accompanying rise in consumer confidence,” Yun said.