Alexa
  • Directory of Taiwan

Pending home sales rise 8.2 percent in February

Pending home sales rise 8.2 percent in February

The number of buyers who agreed to purchase previously occupied homes rose sharply in February, far exceeding expectations, in a sign that the U.S. housing market may be coming back from the winter doldrums.
The National Association of Realtors says its seasonally adjusted index of sales agreements rose 8.2 percent from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2.
Economists surveyed by Thomson Reuters had expected the index would fall slightly to 90.3. The index is considered a barometer for future sales activity because there is typically a one- to two- month lag between a signed sales contract and a completed deal.


Updated : 2021-07-31 10:39 GMT+08:00