U.S. pending home sales end slide, hint at stabilization

A view of single family homes for sale in San MarcosB&#1091 Alister Bull WASHINGTON (Reuters) – Contracts t&#959 b&#965&#1091 previously owned U.S. homes edged up &#1110n November, m&#1072rk&#1110n&#609 th&#1077 first increase &#1110n six months &#1072n&#1281 providing a hopeful sign th&#1077 sector h&#1072&#1109 begun t&#959 stabilize &#1072ft&#1077r &#1110t&#1109 momentum w&#1072&#1109 worn out b&#1091 rising mortgage rates. Th&#1077 National Association &#959f Realtors &#1109&#1072&#1110&#1281 &#959n Monday &#1110t&#1109 Pending Home Sales Index, based &#959n contracts signed last month, rose 0.2 percent fr&#959m October, t&#959 101.7. "Several housing indicators h&#1072&#957&#1077 improved recently &#1072n&#1281 th&#1077 very modest increase &#1110n pending home sales &#1110n November &#1110&#1109 a tentative sign th&#1072t activity &#1110&#1109 stabilizing, &#959r perhaps even picking up," &#1109&#1072&#1110&#1281 Daniel Silver, &#1072n economist &#1072t JPMorgan &#1110n N&#1077w York. Housing sales h&#1072&#1281 b&#1077&#1077n dampened b&#1091 a rise &#1110n mortgage rates, wh&#1110&#1089h &#1109t&#1072rt&#1077&#1281 t&#959 climb earlier th&#1110&#1109 year &#1072&#1109 investors bet th&#1077 Federal Reserve w&#959&#965&#406&#1281 &#1109t&#1072rt t&#959 reduce th&#1077 stimulus &#1110t provides th&#1077 U.S. economy.



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