Pending home sales in December decreased by 9.3% from the prior month and 3.0% year over year, according to the the National Association of REALTORS® Pending Home Sales Report. The report provides the real estate ecosystem – including agents and homebuyers and sellers – with data on the level of home sales under contract. Month-over-month pending home sales declined in all four regions. Year-over-year pending home sales rose in the South and declined in the Northeast, Midwest and West. “The housing sector is not out of the woods yet,” said NAR Chief Economist Lawrence Yun. “After several months of encouraging signs ... (full story)