pending home sales

Definition

Report on sale contracts for homes in the United States. Pending homes sales take into account contracts that have not been completed for homes. This report coupled with a few other reports on housing activity provides investors with an indicator on how the housing market is performing.

Use pending home sales in a sentence

You should try and figure out if there are many pending home sales so you know how the economy is doing.

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The pending home sales were his area of expertise and I knew that he would be able to tell what was going on with them.

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