Contract activity for pending home sales has risen for six straight months, a pattern not seen since the index began in 2001, according to the National Association of Realtors®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2% to 97.6 from a reading of 94.6 in June, and is 12.0% higher than July 2008 when it was 87.1. The index is at the highest level since June 2007 when it was 100.7. In the South, pending home sales activity rose 3.1% to an index of 103.8 in July and is 12.0% above July 2008.
Read more: http://rismedia.com/2009-09-01/pending-home-sales-on-a-roll-up-for-sixth-straight-month/#ixzz0PxPfzOBQ
Comments(0)