Contracts to buy new homes leveled off in November, ticking up slightly by 0.2 percent, the National Association of
REALTORS® reports. Pending home sales — which reflect contracts and not closings — were 1.6 percent below year-ago levels.Pending #home sales in November posted the largest gains in the South and West, rising 2.3 percent and 1.8 percent month-over-month, respectively. Total existing-home sales are expected to end the year with nearly a 10 percent gain over 2012. In this video, NAR Chief Economist Lawrence Yun talks about November pending home sales and gives a forecast for 2014.
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