The National Association of REALTORS’ Pending Home Sales Index is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales.
The latest index was released last week, with the headline:
Pending Home Sales Dip in June
As we reported last month, May’s Index levels were the highest recorded in the last 9 years.&... read more