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Real Estate Blog & Resources

Pending home sales post increase of 6.3 %

Golf Course - SugarTreeThe National Association of Realtors says pending U.S. home sales rebounded in December, as buyers snapped up properties at deep discounts, especially in the South and Midwest. The trade group said Tuesday its seasonally adjusted index of pending sales for preowned homes for December rose 6.3 percent to 87.7 from an upwardly revised November reading of 82.5. That's better than the 82.3 reading economists expected, according to a survey by Thomson Reuters. The reading also was up 2.1 percent from December 2007.