Pending home sales up for first time in six months | Bedford NY Real Estate
Pending sales of homes slightly rose in November, the first gain in six months, signaling that upcoming activity could tick higher, the National Association of Realtors reported Monday. NAR’s index of pending home sales increased 0.2% last month to 101.7, slightly above a 10-month low of 101.5 in October, but down from 103.3 in November 2012. “We may have reached a cyclical low because the positive fundamentals of job creation and household formation are likely to foster a fairly stable level of contract activity in 2014...