US Pending Home Sales Bounce Back After Slumping in January
- Contract signings rose 1.6% in February; economists saw 1.5%
- Midwest and South saw gains, while West posted a decline
This article is for subscribers only.
Pending sales of previously-owned homes in the US recovered last month after declining at the start of the year, adding to evidence that the housing market is gradually improving.
An index of contract signings from the National Association of Realtors increased 1.6% to 75.6. The median estimate of economists surveyed by Bloomberg saw the reading rise by 1.5%.