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Pending Home Sales

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The measurement of signed real estate contracts for existing co-ops, condos, and single-family homes.

This data can be used as a leading indicator of future home-sales as signed contracts are not counted until the final closing transactions have been made. On average, this happens 1 or 2 months later.

This data is release the first week of every month by the National Association of Realtors.

http://www.realtor.org/Research.nsf/Pages/PHSdata

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"The past does not equal the future."
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