After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery. [...]
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Nationwide, fewer homes are going under contract to sell. [...] Buyers are writing contracts at a furious pace nationwide. On a seasonally-adjusted basis, the Pending Home Sales Index rose 2 percent last month to reach its highest level since March. [...] According to data from the National Association of REALTORS, the Pending Home Sales Index smashed analyst expectations, jumping 8 percent on a monthly basis in May. [...] Hurt by foul weather and a soft market, the Pending Home Sales Index plunged 12 percent in April. [...] The National Association of REALTORS® Pending Home Sales Index rose for the third straight month last month. [...] February’s Pending Home Sales Index rebound breaks a 2-month losing streak, and reverses recent downward momentum in housing. [...] The 2010 housing market finished on a tear, and that momentum is carrying forward into 2011. Expect the spring season to show strongly, and for home prices to be on the rise. [...] The housing market continues to expand, and surprise. [...] The Pending Home Sales Index surged 10 percent in October as low mortgage rates and low home prices spurred buyers into action. The market looks different today, however. [...] |
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