NAR: Pending home sales improve slightly nationally and for the Northeast

Pending home sales slightly improved in November and are above year-over-year levels for the third straight month, according to the National Association of REALTORS (NAR). The Pending Home Sales Index, a forward-looking indicator based on contract signings in November, increased 0.8 percent to 104.8 from a slightly downwardly-revised 104.0 in October.

In the Northeast, the index rose 1.4 percent to 89.1, 7 percent above a year ago. To read the entire NAR press release, click here.