Tag Archives: Pending home sales reach highest level in 2.5 years

Pending home sales, a measure of home contract signings, shot up in the month of November, reaching its highest level on record in two-and-a-half years, the National Association of Realtors said. It’s also the third consecutive month of sales increases. The NAR Pending Home Sales Index doesn’t measure home closings, but it does function as a forward-looking indicator by studying real estate contracts signed in order to gauge future closing levels. The index rose 1.7% to 106.4 in November, up from 104.6 in October and is 9.8% above an index […]