Homebuyers signed far more contracts to buy homes in February than expected, the latest sign that the housing market staged a comeback at the start of the year.
Pending home sales rose 1.8 percent from the prior month, the National Association of Realtors reported Tuesday, snapping a three-month losing streak and beating the median economist forecast for a 0.6 percent decline. On a year-over-year basis, contract signings remained down 0.8 percent.
The February data adds to a run of stronger-than-expected housing figures. Existing home sales came in at 4.09 million in February, well above the 3.86 million forecast and up from 4.02 million the…
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