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  Business » US Pending Home Sales Reach 18-Month High: NAR

  H.S. Borji - February 27, 2015, 15:19 GMT

  Contracts to buy existing homes rebounded in January, rising to the highest level since August 2013 in the latest sign more plentiful jobs and better credit conditions were boosting buyer demand. The pending home sales index, a forward-looking indicator of US home sales, rose 1.7 percent to 104.2 in January, following a 3.7 percent drop

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  Business » US new home sales decline unexpectedly in November

  H.S. Borji - December 23, 2014, 15:15 GMT

  The sale of new US homes declined unexpectedly in November in the latest sign the uneven housing recovery was losing momentum toward the end of the year. New US home sales tumbled 1.6 percent to a seasonally adjusted annual rate of 438,000 in November, following a 0.7 percent gain the previous month, the Commerce Department

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