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| Pending Home Sales Down in December but Remain on Uptrend |
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Pending home sales declined in December but have stayed above year-ago levels for 20 consecutive months, according to the National Association of REALTORS®. The Pending Home Sales Index,*a forward-looking indicator based on contract signings, fell 4.3 percent to 101.7 in December from 106.3 in November but is 6.9 percent higher than December 2011 when it was 95.1. The data reflect contracts but not closings. Lawrence Yun, NAR chief economist, says there is an uneven uptrend. "The supply limitation appears to be the main factor holding back contract signings in the past month. Still, contract activity has risen for 20 straight months on a year-over-year basis," he says. ...
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Are handwritten wills, also known as holographic wills, legally valid?
