Contract signings for US homes up 7 percent in November, highest since April 2010

WASHINGTON — The number of Americans who signed contracts to buy homes in November rose to the highest level in a year and a half.

Normally, that would signal better home sales. But a growing number of buyers are canceling their contracts at the last minute, making the gauge less reliable.

The National Association of Realtors says its index of sales agreements jumped 7.3 percent last month to a reading of 100.1.

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Donna St. George 29 Dec, 2011
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Source: http://feeds.washingtonpost.com/click.phdo?i=62c03e08e45a4a223c5bcb29c528838d
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