More Americans signed contracts to buy homes in December. The increase possibly reflects more people scrambling to purchase homes as mortgage rates have been rising and increasing the costs of ownership. The National Association of Realtors says its seasonally adjusted pending home sales index rose 1.6 percent to 107.3, a slight rebound after declining in November. Pending sales rose in…
Americans retreated from purchasing homes in December, as the number of properties listed for sale sank to its lowest level since 1999. The National Association of Realtors says that sales of existing homes fell 2.8 percent last month to a seasonally adjusted annual rate of 5.49 million. For all of 2016, sales posted an annual gain of 3.8 percent to…
More Americans signed contracts to purchase homes in July, a sign that demand for home ownership remains strong despite a shortage of listings on the market. The National Association of Realtors says its seasonally adjusted pending home sales index rose 1.3 percent last month to 111.3, the highest reading since April. The index of upcoming sales increased 1.3 percent from…
