Tue, 28 Feb 2012 08:10:44 GMT
Pending house sales increased more than expected in the US
US pending home sales rose more than initially expected last month, approaching the highest level in almost two years, according to industry data. The pending home index added 0.2% last month as compared to a 1.9% fall in December, reported the National Association of Realtors. Analysts predicted the sales to grow by 1.0% in January.