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Pending Home Sales

The Pending Home Sales (PHS) index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops.

Next Release

August 28, 2014, 10 a.m. ET

2014 Statistical News Release Schedule

About the Index

The Pending Home Sales Index, a leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. Because a home goes under contract a month or two before it is sold, the Pending Home Sales Index generally leads Existing Home Sales by a month or two.

Video: PHS Slip in June

 

Lawrence Yun talks about the drop in pending home sales, the "lock-in effect," the top reasons people move, and the capital gains tax. Watch the video to learn more.