NAR: Pending home sales edge up

Pending home sales posted a slight gain in November, according to the National Association of REALTORS. The Pending Home Sales Index, a forward-looking indicator based on contract signings, inched up 0.2 percent to 101.7 in November from a downwardly revised 101.5 in October, but is 1.6 percent below November 2012 when it was 103.3. 

The PHSI in the Northeast declined 2.7 percent to 82.6 in November, but is 1.9 percent above a year ago.

 

Click here to learn more.