pending home sales: Pending Home Sales At The Highest Levels Since April 2010
- 02/01/11 06:17 AM
Another day, another strong report for housing. The Pending Home Sales Index climbed 2 percent in December, according to the National Association of REALTORS®. A "pending home sale" is an existing home under contract to sell, but not yet closed. The Nationwide Pending Home Sales figures are up for the fifth time in 6 months. The December reading is now its highest since the federal home buyer tax credit's April 2010 contract deadline, and the figure is well north of the Pending Home Sales Index 3-year average. Coupling this data with December's strong Existing Homes Sales report (+12%) and its strong … (1 comments)
pending home sales: Pending Home Sales Rises To 6-Month High
- 01/04/11 06:57 AM
The housing market continues to expand, and surprise. According to the National Association of REALTORS®, November's Pending Home Sales Index gained 3 percent from October. A "pending home sale" is a home under contract but not yet closed. The index is now at its highest point since April 2010's federal tax credit contract expiration deadline. If the tax credit really did "borrow" sales from the summer months, as has been theorized, housing has rebuilt its foundation. We know this because, of all the housing data available to Eagle homeowners and home buyers, the Pending Home Sales Index stands apart as a forward-looking … (0 comments)
Another day, another strong report for housing.
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