• US pending home sales picked up in December

Noticias del mercado

30 enero 2017

US pending home sales picked up in December

Pending home sales picked up in December as solid increases in the South and West offset weakening activity in the Northeast and Midwest.

The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing Home Sales by a month or two.

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