New figures show that pending sales of existing US homes rebounded in December, as buyers came back into the market to take advantage of lower prices and mortgage interest rates.
The National Association of Realtors Pending Home Sales Index, based on contracts signed in December, surged 6.3% to 87.7, rising for the first time since August.
Compared with the same period a year ago, pending homes sale were up 2.1% in December. Economists had expected the December figure to be flat.
