Pending Home Sale Volume Up 6.3 % in December
February 4, 2009 by admin
Filed under Positive Real Estate
Foreclosed properties are driving this index that tracks signed contracts to purchase existing homes. The index jumped in December
This may indicate that a bottom is forming — at least for home sales. Pending home sales increased about 13 percent in the South and Midwest, but fell almost 4 percent in the West and about 2 percent in the Northeast. .
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