Pending Home Sales Post 20th Consecutive Month Of Annual Gains

The annual rate at which contracts for a home purchase were drawn increased 6.9 percent from one year ago.

Pending Home Sales Index Leaps To Multi-Year High

According the National Association of REALTORS® (NAR), the Pending Home Sales Index rose 5.2 percent in October, crossing the benchmark 100 reading, and moving to 104.8.

Pending Home Sales Index Suggests Housing Momentum Into 2013

In September, for the fifth straight month, the Pending Home Sales Index hovered near its benchmark value of 100, registering 99.5.