Summary Box: Pending home sales rise in December

Associated Press Modified: January 27, 2011 at 1:47 pm •  Published: January 27, 2011

By The Associated Press (AP) — PENDING SALES: The number of people who signed contracts to buy previously owned homes rose 2 percent in December, the fifth increase in the past six months.

ROUGH YEAR: Home sales last year fell to the lowest level in 13 years, and economists say it will be years before the housing market fully recovers.

SLIGHTLY BETTER: Contract signings occur one- to two-months before the closing, so completed sales should improve in the first few months of this year.

Trending Now


  1. 1
    CDC: U.S. has first confirmed case of Ebola in Dallas
  2. 2
    Netflix to shake up movies with 'Crouching Tiger 2'
  3. 3
    Donald Trump Tricked Into Retweeting Serial Killer Pic
  4. 4
    'Transparent' on Amazon Prime, reviewed: It’s the fall’s best new show.
  5. 5
    Brits Unwittingly Give Up Firstborns for Free WiFi
+ show more