Nationally, Pending Home Sales rose slightly in January, from a downwardly-revised December. In the West, however, Pending Homes Sales fell 4.4%. NAR reports: Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the National Association [...]

NAR reports: After reaching a 19-month high, pending home sales eased in December but stayed above year-ago levels, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 3.5 percent to 96.6 in December from 100.1 in November but is 5.6 percent above December 2010 when it [...]

Right. That’s what home buyers are thinking about… From NAR: Pending home sales declined in September, although activity remains above a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, fell 4.6 percent to 84.5 in September from 88.6 in August but is 6.4 [...]

From NAR: Pending home sales slipped in August with a mixed regional performance but are higher than a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 1.2 percent to 88.6 in August from 89.7 in July but is 7.7 percent above August [...]

Today the National Association of Realtors reported that their May Pending Home Sales Index rose 13.4% from May 2010. They said this rise points to “higher housing activity in the second half of the year.” But, how accurately do Pending Home Sales translate into actual home sales? Turns out, not that accurately at all.