Tagged : Pending Home Sales Up 
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Good News, Pending Home Sales Up...Again
Wednesday, September 9th, 2009 at 9:20am. 1069 Views, 1 Comments.
Good news in a sluggish economy- Pending homes sales increase. A NAR (National Association of Realtors) Pending Home Sales index reported more pending homes sales in July than in June. The NAR index, making its sixth straight increase, showed an increase of 3.2% in July, the quickest climb since the group starting tracking the market 10 years ago. This was up 12% from July's '08 level. This reading has far exceeded forecasts of economists that were surveyed. The first-time homebuyers tax credit is cited as the major reason for this trend. The NAR index also shows that the West out-performed the Northeast and Midwest, jumping over 12% in July, and that the South also did well.
This increase was much better than the 1.5% increase economists were…
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