Pending Home Sales: February 2016

Includes: ITB, IYR, PKB, XHB
by: Sold At The Top

Yesterday, the National Association of Realtors (NAR) released their Pending Home Sales Report for February showing that pending home sales increased notably with the seasonally adjusted national index rising 3.5% from January to stand 0.7% above the level seen in February 2015.

The following chart shows the seasonally adjusted national pending home sales index along with the percent change on a year-over-year basis as well as the percent change from the peak set in 2005.