http://www.mortgagenewsdaily.com/01282013_pending_home_sales.aspEven though contract signings declined in December it was the 20 th straight month where pending home sales increased on an annual basis. The National Association of Realtors&reg; ( NAR ) said that its Pending Home Sales Index (PHSI) fell 4.34 percentenCommunityServer 2008 SP2 (Build: 31106.96)http://www.mortgagenewsdaily.com/01282013_pending_home_sales.asp#293301Mon, 28 Jan 2013 22:45:31 GMT2bb7a989-b681-446d-a7f2-bd5f0562f228:293301Chris KopecI would guess the supply is limited because people believe their homes are worth more than what they currently would receive in this foreclosure-distorted marketplace.<div style="clear:both;"></div><img src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=293301" width="1" height="1">