Pending Home Sales Show Another Gain
Posted: November 16, 2010 at 1:56 PM by Realistiq Support Pending home sales have increased for the second consecutive month, according to the National Association of Realtors®.The Pending Home Sales Index,* a forward-looking indicator, rose 4.3 percent to 82.3 based on contracts signed in August from a downwardly revised 78.9 in July, but is 20.1 percent below August 2009 when it was 103.0. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.Lawrence Yun, NAR chief economist, said the la read more