The National Association of Realtors (NAR) pending home sales index unexpectedly rose in February, increasing 1.8% to 72.1.

The pending home sales index, a leading indicator of house sales based on contract signings, rose 1.8% on month to 72.1. Economists polled by The Wall Street Journal had forecast a 0.6% decline.

Contract signings were up 1.8% last month compared to January, but declined 0.8% from a year earlier, according to NAR.

Pending sales were at the highest level since March and 2.6% higher than September of last year. The average rate on the 30-year fixed mortgage was coming down all through August and touched its most ...

The National Association of Realtors' Pending Home Sales Index (PHSI)—which tracks contract signings on existing homes—has remained rangebound for more than two years, constrained by affordability ...

Recent data hasn’t provided much optimism about the direction of the housing market, but one report suggests better conditions are on the way. The March reading of the Pending Home Sales Index (PHSI) ...

The National Association of Realtors (NAR) pending home sales index jumped to its highest level in five months, coming in at 74.7 in August. The index for the most recent month is currently 42% below ...

Are homebuyers shaking off their hesitation? New data suggests they’re at least dipping a toe back in the market. Pending home sales climbed 3.3 percent in November from the previous month and were up ...

Pending sales of US existing homes rose in August to the highest level in five months, as falling mortgage rates gave a much-needed lift to the sluggish housing market. An index of contract signings ...

NAR’s Pending Home Sales Index dropped 0.8% in January and 0.4% year-over-year, with affordability and inventory constraints limiting buyer activity. AI Summary “Despite lower mortgage rates, ...