Pending home sales increase in December

Pending home sales increase in December

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BPC Staff | Jan 27, 2011 | 8:06 pm |

<1 min read time

The National Association of Realtors' Pending Home Sales Index, which measures signed purchase contracts but not closed sales, rose 2 percent nationwide in December.

The National Association of Realtors’ Pending Home Sales Index, which measures signed purchase contracts but not closed sales, rose 2 percent nationwide in December.

The group forecasts mortgage rates will rise only modestly in the next few months and expects a favorable environment for buyers with good credit.