Housing High Point: Pending Sales of existing Home up to nearly two year highPosted by Bonnie Martin Designated Broker on Monday, March 19th, 2012 at 9:46am.
More Americans are signing contracts to buy existing homes than at any time in nearly two years, boosting the housing industry's slow recovery, according to the National Association of Realtors index of pending home sales.
The measure is up 2 percent to 97 in January after slipping 1.9 percent in December. The index of deals for previously owned homes is up 8 percent compared with the 89.8 level.
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