St Casimirs Mortgage Minute

Pending Home Sales Decline 

Pending home sales declined 2.5 percent in January, following the highest average year for the index in nearly a decade, the National Association of Realtors said yesterday. The January figure is 1.4 percent higher than the year prior. The index -- which reflects contracts but not closings on existing homes -- has seen year-on-year gains for 17 consecutive months.

--ABA Daily Newsbytes