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28

Pending Sales of Existing Homes in U.S. Rise Less Than Forecast

By Tony Seruga

Contracts to purchase previously owned U.S. homes rose less than forecast in December, indicating more tempered progress in residential real estate early this year.

The index of pending home sales rose 0.1 percent after a revised 1.1 percent decline in November that was weaker than previously estimated, figures from the Washington-based National Association of Realtors showed Thursday. The median forecast in a Bloomberg survey called for 0.9 percent December gain…

Pending Sales of Existing Homes in U.S. Rise Less Than Forecast

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