January Pending Home Sales Jump More Than Expected, Up 5.2%

Pending home sales in January rose 5.2% for the month and were 5.7% higher annually, According to the National Association of Realtors. Very low mortgage rates should be juicing Sales more, but the existing home market is struggling with a record low supply of homes for Sale, the lowest since 1999.The West was the only region to see a decline for the month, Down 1.1%, but sales were still 5.5% higher annually.