Pending Home Sales Rebound; Suggest Brighter Spring For Housing

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Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

 

Pending Home Sales (Aug 2009 - Feb 2011)

On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month, according to the National Association of REALTORS®. A "pending home sale" is defined as a home under contract to sell, but not yet closed.

February's Pending Home Sales Index rebound breaks a 2-month losing streak, and reverses the recent downward momentum in housing. Both Existing Home Sales and New Home Sales volume showed a.....

 

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Pending Home Sales Rebound; Suggest Brighter Spring For Housing

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