November Pending-Home Sales Had Fourth Consecutive Monthly Rise

Core Insights - The pending home sales index, which serves as a leading indicator for house sales based on contract signings, increased by 3.3% month-over-month in November, reaching a value of 79.2 [1] Group 1 - The increase in the pending home sales index suggests a potential uptick in housing market activity [1] - The current index level indicates a recovery trend in the housing market, which may influence future sales and pricing dynamics [1] - The month-over-month growth reflects positive sentiment among home buyers, potentially driven by favorable market conditions [1]