West Leading the Way Out of Recession
September 1, 2009 by admin
Filed under Pending Home Sales
Pending home sales rose 3.2 percent from June to July, with a surge in sales in the western U.S. outweighing declines in the Northeast and Midwest, the National Association of Realtors said today. Pending home sales were up 12.1 percent from June to July in the West and 3.1 percent in the South, but fell 3 percent in the Northeast and 2 percent in the Midwest regions. All four regions saw a year-over-year increase in pending home sales, led by the West (20 percent) and followed by the South (12 percent), Midwest (8.1 percent) and Northeast (4.7 percent).
California home sales have been up year-over-year for 13 months, and it seems to be leading the US out of the housing slump.
Comments
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!
You must be logged in to post a comment.