Pending home sales rise more than expected

pulse

January 30, 2017 4:11 PM

The latest report on pending home sales from the National Association of Realtors (NAR) came in ahead of expectations on Monday.

Homeownership

The measure of single family homes, co-ops, and condos with contracts signed increased by 1.6% for the month of December, more than the 1.1% gain expected by economists. This was an improvement from the 2.5% drop in November.

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