USD Pending Home Sales (Y/Y)

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The Pending Home Sales Index, released by the National Association of Realtors (NAR) is a leading indicator of housing activity that measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos and co-ops. Housing is typically correlated to the overall state of the economy; particularly indicative of economic turning points. A rebound in the housing market is often a leading indicator of an economic recovery.