NAR: Pending home sales rise in the Northeast in December

Pending home sales were mostly unchanged in December, but inched forward slightly, fueled by a large increase in the Northeast that outpaced declines in the other three major regions, according to the National Association of REALTORS (NAR). NAR Chief Economist Lawrence Yun said warmer than average weather and more favorable inventory conditions compared to other parts of the country encouraged more households in the Northeast to make the decision to buy last month. Learn more here.