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national association of realtors: NAR reports that pending home sales have INCREASED!! - 08/07/08 04:45 PM
Apparently the the housing news isn't as bad as we all thought. Again this news comes with a disclaimer that all real estate is LOCAL!!
The National Association of Realtors reports that the Pending Home Sales Index, a forward-looking indicator based on contracts signed in June, rose 5.3 percent to from May, although its still lower then June of 2007.
Getting back to all real estate being local, each region showed different results for the PHSI. In the South, it jumped 9.3 percent to 92.4 in June but is 16.6 percent below June 2007. In the West, the index rose 4.6 percent … (2 comments)

 

Mindy Allen, Broker, ABR

Sun Prairie, WI

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Keller Williams Realty

Address: 2601 Crossroads Drive, Suite 130, Madison, WI, 53718

Office Phone: (608) 226-0200

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