National Pending Home Sales Index Up Again
This new index, published monthly by the NAR, rose 0.6% nationally for the month of June. However, you will also see that pending home sales in the North East were actually down 3.2% in June.
“WASHINGTON, Aug. 1 /U.S. Newswire/ -- Pending home sales, a leading indicator for the housing market, have risen to the third highest level on record, according to the National Association of Realtors(r) (NAR).
The Pending Home Sales Index (see Note 1 below), based on data collected for June, rose 0.6 percent to a reading of 126.3, and is 3.6 percent higher than June 2004.
The index is based on pending sales of existing homes, including single-family and condos; a sale is pending when the contract has been signed but the transaction has not closed. Pending home sales typically close within one or two months of signing.”
Continue…
“WASHINGTON, Aug. 1 /U.S. Newswire/ -- Pending home sales, a leading indicator for the housing market, have risen to the third highest level on record, according to the National Association of Realtors(r) (NAR).
The Pending Home Sales Index (see Note 1 below), based on data collected for June, rose 0.6 percent to a reading of 126.3, and is 3.6 percent higher than June 2004.
The index is based on pending sales of existing homes, including single-family and condos; a sale is pending when the contract has been signed but the transaction has not closed. Pending home sales typically close within one or two months of signing.”
Continue…
posted by Little_Silvered at 7:58 PM
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