Pending home sales surged in December: NAR
Housing Wire
JANUARY 26, 2024
For comparison, the index is benchmarked at a reading of 100 based on 2001 contract activity. New home sales , another measure of contract signings, rose 8% in December on the back of declining mortgage rates. But new listings activity grew by 9.1% NAR’s Pending Home Sales Index (PHSI) increased to 77.3
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