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NAR: Pending home sales inch up for Northeast in January

Feb 27, 2015

Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the National Association of REALTORS (NAR).

The Pending Home Sales Index, a forward-looking indicator based on contract signings in January, climbed 1.7 percent to 104.2 from an upwardly revised 102.5 in December. This marks the fifth consecutive month of year-over-year gains with each month accelerating the previous month’s gains. The Northeast inched 0.1 percent to 84.9 in January, and is now 6.9 percent above a year ago.

To read the entire NAR press release, click here.

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