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WASHINGTON (Reuters) - Pending sales of previously owned U.S. homes
unexpectedly rose in February, a trade group said on Monday, pointing to a
modest pick-up in home sales.
The National Association of Realtors said its Pending Home Sales Index,
based on contracts signed in February, increased 2.1 percent to 90.8.
Economists had expected the index, which leads existing home sales by a
month or two, to fall 1.0 percent after a previously reported 2.8 percent
decline.
"We may not see notable gains in existing-home sales in the near term, but
they're expected to rise 5 to 10 percent this year with the economic
recovery, job creation and excellent affordability conditions providing
confidence to buyers who have been on the sidelines," said NAR chief
economist Lawrence Yun.
Compared to February last year, the index was down 8.2 percent.
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unexpectedly rose in February, a trade group said on Monday, pointing to a
modest pick-up in home sales.
The National Association of Realtors said its Pending Home Sales Index,
based on contracts signed in February, increased 2.1 percent to 90.8.
Economists had expected the index, which leads existing home sales by a
month or two, to fall 1.0 percent after a previously reported 2.8 percent
decline.
"We may not see notable gains in existing-home sales in the near term, but
they're expected to rise 5 to 10 percent this year with the economic
recovery, job creation and excellent affordability conditions providing
confidence to buyers who have been on the sidelines," said NAR chief
economist Lawrence Yun.
Compared to February last year, the index was down 8.2 percent.
南加州贷款利率查询，欢迎访问我的俱乐部：
http://www.mitbbs.com/club_bbsdoc/SoCalMortgage.html
