The final housing data numbers for 2014 point to a positive trend, with home sales and home appreciation levels continuing to rise.
Pending home sales increased slightly improved in November and are above year-over-year levels for the third straight month, according to the latest Pending Home Sales Index (PHSI) released by the National Association of Realtors (NAR). November’s PHSI inched up 0.8 percent to 104.8 in November from a slightly downwardly revised 104.0 in October and is now 4.1 percent above November 2013 (100.7)—the highest year-over-year gain since August 2013’s level of 5.6 percent. All major regions experienced a slight gain in activity in November except for the Midwest, which dropped slightly by 0.4 percent. More here.