U.S. pending home sales near a 2-year high in Jan

U.S. pending home sales near a 2-year high in Jan

Signed contracts for U.S. home resales rose to a nearly two-year high in January, an industry group said on Monday, further evidence of a budding recovery in the housing market.

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in January, increased 2 percent to 97.0 – the highest reading since April 2010.

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