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Oct 30

Pending Home Sales Index Suggests Housing Momentum Into 2013

The home resales is expected to finish the year with strength. Last month, for the fifth straight month, the Pending Home Sales Index hovered near its benchmark value of 100, registering 99.5 in September. The Pending Home Sales Index tracks homes under contract to sell, but not yet sold, and is published by the National Association of REALTORS┬«. The index is a relative one. It compares today's housing market activity to the housing market activity of 2001 -- the index's first year of … [Read more...]

Aug 23

Existing Home Sales Slip In July

Home resales slipped in July. According to the National Association of REALTORS┬«, Existing Home Sales nationwide fell to 4.67 million units on a seasonally-adjusted annualized basis last month. It's the fourth straight month below the 5 million mark, and the report's lowest reading since November 2010. An "existing home" is a home that's been previously occupied or owned. In addition, the Existing Home Sales report showed home supplies rising nationwide. At the current pace of sales, in … [Read more...]