NAR: Pending home sales a tiny bit higher in Oct.WASHINGTON – Nov. 30, 2016 – Pending home sales were almost flat in October, though they still squeaked out a meager gain for the second consecutive month, according to the National Association of Realtors® (NAR).
NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, inched up 0.1 percent to 110.0 in October from a slight downward revision of 109.9 in September. With last month’s small increase, the index is now 1.8 percent higher year-to-year. Last October it was 108.1. …continue




