Pursuits
Pending Sales of U.S. Homes Rose More Than Forecast in February
February Pending U.S. Home Sales Rise 3.1%
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More Americans than forecast signed contracts to purchase previously owned homes in February, indicating a pickup in the housing market ahead of the spring selling season.
The index of pending sales increased 3.1 percent to 106.9, the highest since June 2013, after a 1.2 percent gain the prior month that was smaller than initially estimated, figures from the National Association of Realtors showed Monday in Washington. The median forecast of 35 economists surveyed by Bloomberg called for a 0.3 percent rise.