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Pending Home Sales Up , Highest in over Five Years


Florida Realtors reported that the nation is seeing the highest pending home sales figures in over five years. The data reflects activity in the market in the form of contracts (not closings). “The Pending Home Sales Index (PHSI) in the Northeast slipped 0.1% to 79.2 in October, but it’s 13.3% above a year ago. In the Midwest , the index jumped 15.6% to 104.4 in October, and is 20.0% above October 2011. In the West, it declined 1.1% in October to 105.7, but is still 0.9% above October 2011.
Pending home sales in the South rose 5.5% to an index of 117.3 in October, and that is 17.4% higher than a year ago."  Read more here.

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