Pending home sales in the U.S. experienced a notable increase of 3.3% in November, marking the highest level in nearly three years, according to the National Association of Realtors (NAR). This rise is attributed to improving housing affordability driven by lower interest rates and rising wages, which have boosted buyer momentum. The November figures reflect the fourth consecutive monthly increase, indicating a strong performance that exceeds previous forecasts and estimates. Despite these gains, analysts caution that the market may still be poised for challenges in the coming years. Overall, the data suggests a surprising resilience in the housing market amid ongoing economic pressures.