Pending Sales Strong

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The Pending Home Sales Index increased 3.5% in February to the highest level in seven months, and has increased year-over-year for 18 consecutive months. The Pending Home Sales Index (PHSI), a forward-looking indicator based on signed contracts reported by the National Association of Realtors (NAR), increased to 109.1 in February from a downwardly revised 105.4 in January, and was 0.7%… Read More ›

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