On the heels of last week’s positive housing reports, this morning the National Association of Realtors® released another positive report based upon it’s Pending Home Sales Index. The Pending Home Sales Index is a forward-looking indicator based upon contract signings for existing homes. The PHSI for February 2015 is 12% above February 2014 and is now at its highest level since June 2013.

Pending Home Sales Rise in February Behind Solid Gains in Midwest, West | realtor.org.