The nation’s supply of residential homes for sale expanded last month, though it’s not clear if the improvement will continue into 2017.
An indication of upcoming existing home sales, the Pending Home Sales Index, landed at 109.0 during the final month of last year.
The seasonally adjusted index increased from 107.3 the prior month. It was also improved from an upwardly revised 108.7 a year prior.
Source: Mortgage Daily