PVP

Monday, March 2, 2015

Pending Home Sales Surge to 18-Month High

A rise in buyer demand pushed pending home sales upward in January to the highest level since August 2013, according to the National Association of REALTORS®’ Pending Home Sales Index, a forward-looking indicator based on contract signings. All regions across the country posted gains in January, except for the Midwest.
The Pending Home Sales Index rose 1.7 percent in January to a 104.2 reading – 8.4 percent above levels from a year ago.
"Contract activity is convincingly up compared to a year ago despite comparable inventory levels," says>