Stacie Hartman

The Mortgage Blog of Stacie Hartman

Pending Home Sales Rise Again in November

After rising 10.4 percent in October, The National Association of Realtor’s Pending Home Sales Index was up again in November, rising 3.5 percent. Lawrence Yun, NAR’s chief economist, said historically high housing affordability is boosting sales but further gains are needed to reach normal activity. The Pending Home Sales Index is a forward-looking indicator reflecting contracts, not closings. Signings are up 22.1 percent over their June low, which was the lowest since the NAR began tracking the data in 2001. More here and here.


Filed under: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: