HOML - Pending Home Sales Jump In January
By Jill Mislinski
Wednesday morning the National Association of Realtors released the January data for their Pending Home Sales Index. Here is an excerpt from the latest press release:
Lawrence Yun, NAR chief economist, had expected an increase in January home sales. "A change in Federal Reserve policy and the reopening of the government were very beneficial to the market," he said. (more here)
The chart below gives us a snapshot of the index since 2001. The MoM came in at 4.6%, up from a 2.3% decrease last month. Investing.com had forecast an