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February Pending Home Sales Continue Slide

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WASHINGTON (March 27, 2014) – Pending home sales declined for the eighth straight month in February, according to the National Association of Realtors®. Modest increases in the Midwest and West were offset by declines in the Northeast and South; all regions are below a year ago.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, dipped 0.8 percent to 93.9 from a downwardly revised 94.7 in January, and is 10.5 percent below February… Read More

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