Pending residence gross sales in the USA elevated for the fourth straight month in November to return to their highest stage since early 2023, the Nationwide Affiliation of Realtors mentioned Monday.
The NAR’s pending gross sales index rose 2.2 p.c final month to an index stage of 79, the best since February final yr. Economists polled by the Wall Avenue Journal anticipated a extra modest enhance of 0.7%.
Pending gross sales grew essentially the most within the South, the place they elevated by 5.2%. Within the West, they elevated by 0.5% and within the Midwest by 0.4%. Northeast pending gross sales fell 1.3% in November.
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