U.S. pending home sales hit one-and-a-half-year high in January

Contracts to purchase previously owned U.S. homes rose to their highest level in 1-1/2 years in January, a hopeful sign that the sluggish housing recovery may be gaining speed. The National Association of Realtors said its pending home sales index rose 1.7 percent last month, a gain that more than reversed a December slide.

via Business News http://ift.tt/1AAKU7d