NEW YORK, Dec. 30 (Xinhua) -- The U.S. housing market accelerated for the fourth consecutive month in November, with a widely followed indicator of pending home sales from the National Association of Realtors (NAR) gaining 2.2 percent over October.
"Those gains contributed to a 6.9 percent year-over-year improvement in pending transactions," noted The Washington Post on Monday. Home buyers appear to have grown accustomed to stubbornly high mortgage rates, as they are buying new homes at a steady clip across the United States, said NAR chief economist Lawrence Yun.
