Increase in Pending Home Sales for July

Posted by Leigh Brown on Sep 7, 2010 in Real Estate News | 0 comments

A much needed ray of sunshine peaked out of the clouds on Thursday when the National Association of Realtors® released their Pending Home Sales Index report, showing a 5.2 increase in pending sales for July.   Although the NAR sales index, now at 79.4 is up from 75.5 for June, pending sales are still 19.1% lower than July,...

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Pending Home Sales Dropped 16 Percent after Rising for Nine Straight Months

Posted by Leigh Brown on Jan 5, 2010 in Real Estate News | 0 comments

According to the National Association of Realtor’s (NAR) Pending Home Sales Index (PHI), there was a drop of 16%, after rising for nine consecutive months. The NAR index is based on pending contracts of existing home sales, including single-family homes and condominiums. A home sale is considered pending when the contract has...

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