Tag Archives: Pending Home Sales Index Down 4.3%

The Pending Home Sales Index, an indicator that reflect contracts but not closings, fell 4.3 percent in December. While pending home sales declined last month, they have stayed above year-ago levels for 20 consecutive months, according to the National Association of REALTORS®. NAR breaks the index down by region, and noted that the current local variation depends a great deal on available inventory levels. “Supplies of homes costing less than $100,000 are tight in much of the country, especially in the West, so first-time buyers have fewer options,” said Lawrence […]