Morning Minute: Pending home sales up in every region, NAR reports

Pending home sales were up in January and the index used to track them rose to its highest level since 2010, the National Association of REALTORS® (NAR) announced today.

The Pending Home Sales Index, a forward-looking indicator used by NAR that tracks contract signings but not closings, increased 4.5 percent in January compared to December and is 9.5 percent above January 2012.

Pending home sales were up in every region including the Midwest where the index increased 4.5 percent in January and is 17.7 percent above a year ago, according to NAR.

Read the news release and watch a video on pending home home sales from NAR.

Media coverage of pending home sales:

U.S. pending home sales rise to highest since 2010Chicago Sun-Times (via AP)

Pending home sales rise in JanuaryMarketWatch

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About Stephanie Sievers

Stephanie Sievers is Associate Editor for the Illinois Association of REALTORS®. She serves as Associate Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.