Pending Home Sales Index

     

     

    Are you familiar with the Pending Home Sales Index?

    The National Association of Realtors explains it best:

    “The Pending Home Sales Index (PHS), a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos, and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing-Home Sales by a month or two”

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