LOS ANGELES — Pending home sales in California rose in February from the previous month but were lower than year-ago levels. Meanwhile, equity sales rose to their highest level in nearly five years, the ACalifornia Association of Realtors recently reported.
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Pending home sales data
CAR’s Pending Home Sales Index rose 8.7 percent from a revised 101.4 in January to 110.2 in February, based on signed contracts. Pending sales were down 8.2 percent from the 120 index recorded in February 2012. Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market.
Distressed housing market data