Signed contracts to buy US homes level off

December 31, 2013 • Business

FILE – In this Friday, Feb. 22, 2013 file photo, a sale pending announcement sits atop a for sale sign in a home’s yard in Richardson, Texas. National Association of Realtors releases pending home sales index for November on Monday, Dec. 30, 2013. (AP Photo/LM Otero, File)

WASHINGTON (AP) — The number of Americans who signed contracts to buy existing homes in November was essentially unchanged from October, suggesting sales are stabilizing after several months of declines.

The National Association of Realtors said Monday that its seasonally adjusted pending home sales index ticked up to 101.7 from 101.5 in October. The October figure was revised lower from an initial reading of Login to read more

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