Mar
28

Pending Sales of U.S. Existing Homes Increase by Most in a Year

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  • Bigger-than-projected gain marks rebound from January slump
  • Three of four U.S. regions take part in February surge

Contracts to purchase previously owned homes rebounded more than forecast in February as sales picked up in most of the U.S., a good sign as the spring-selling season approaches.

The pending home sales index climbed 3.5 percent, the biggest gain in a year, after a 3 percent decrease a month earlier that was larger than initially reported, the Washington-based National Association of Realtors said Monday. The median projection in a Bloomberg survey of economists called for a 1.2 percent increase…

Pending Sales of U.S. Existing Homes Increase by Most in a Year

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