affordable housing: Gain Seen In Pending Home Sales, Housing Affordability Sets New Record
- 04/06/09 02:22 PM
Gain Seen In Pending Home Sales, Housing Affordability Sets New Record National Association of Realtors WASHINGTON, April 01, 2009 Pending home sales have edged up, hinting at a possible pickup of sales activity in coming months, according to the National Association of Realtors®. The Pending Home Sales Index,1 a forward-looking indicator based on contracts signed in February, rose 2.1 percent to 82.1 from a reading of 80.4 in January, but is 1.4 percent below February 2008 when it was 83.3. Lawrence Yun, NAR chief economist, said the market is continuing to underperform. "Pending home sales have a way to go for … (0 comments)
Gain Seen In Pending Home Sales, Housing Affordability Sets New Record
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