Pending Home Sales Rebound in November

Pending home sales in November bounced back from last month’s decline, led by gains in the West. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI rose 1.2% from 107.2 in October to 108.5 in November. Sales were 7.4% higher than a year ago, the … Continue reading Pending Home Sales Rebound in November