nar: Pending Home Sales on the Upswing - 02/09/09 04:07 AM
Happen to catch the news lately? It’s war out there, this economy. Carnage. Tailspin. Depression. Anchormen drooling as they report news on yet another plummeting housing statistic.
Then this. On Tuesday, the National Association of Realtors reported that its pending home sales index was up 6.3% nationwide in December fueled by a very strong showing in the South and Midwest. Pending home sales in the South were up 13% from November and 1.6% over 2007. This is good news no matter how you split it. Basically, more homes went under contract in December and are now heading to closing and producing … (0 comments)