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.
Pending Sales Up but Uncertainty Looms
As of right now, the market is improving on its own. Now we just have to see if there will be any shocks in the days and months ahead.
Next Release
Jan. 28, 2013, 10 a.m. ET
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. The PHSI looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years. A signed contract is not counted as a sale until the transaction closes.
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