California Pending Home Sales Register Annual Increase
Pending home sales in California continued to improve from a year ago with solid gains, which will position the market for a modest increase in home sales in 2016, C.A.R. reported.

Statewide pending home sales remained strong in December on an annual basis, with the Pending Home Sales Index (PHSI) increasing 8.3 percent from 71.9 in December 2014 to 77.9 in December 2015, based on signed contracts. The annual increase was the smallest since January 2015.