housing stimulus plans: PENDING HOMES SALES ON THE UPSWING
- 12/02/09 01:05 AM
This is encouraging news reported today by RISMEDIA - ...The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 3.7% to 114.1 from 110.0 in September, and is 31.8% above October 2008 when it was 86.6. The rise from a year ago is the biggest annual increase ever recorded for the index, which is at the highest level since March 2006 when it was 115.2. Lawrence Yun, NAR chief economist, said home sales are experiencing a pendulum swing. "Keep in mind that housing had been underperforming over most of the past year. Based on the demographics … (1 comments)
housing stimulus plans: MORE PROOF THAT HOUSING TAX RELIEF PLANS WORK
- 11/10/09 02:23 AM
More support reported today for housing stimulus plans: The median price for a single-family home was $177,900 in the third quarter, down 11.2% from last year, the National Association of Realtors said in a report this morning. But the first-time-homebuyer tax credit helped push total state existing-home sales, including single-family homes and condos, up 11.4% to a seasonally adjusted annual rate of 5.30 million units in the third quarter from 4.76 million units in the second quarter, the NAR said. They are now 5.9% above the 5.01 million-unit pace in the third quarter of 2008. … (1 comments)
This is encouraging news reported today by RISMEDIA - ...The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 3.7% to 114.1 from 110.0 in September, and is 31.8% above October 2008 when it was 86.6. The rise from a year ago is the biggest annual increase ever recorded for the index, which is at the highest level since March 2006 when it was 115.2.
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