Pending home sale in the U.S. showed a slight increase in the month of November, according to a report released by the National Association of Realtors on Monday, although the modest uptick fell well short of economist estimates.
NAR said its pending home sales index inched up 0.2 percent to 101.7 in November from a downwardly revised 101.5 in October. Economists had been expecting the index to jump by about 1.5 percent.
A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.