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Pending Home Sales Jump in October
Washington, DC, November 30, 2011 - Pending home sales rose strongly in October and remain above year-ago levels, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, surged 10.4 percent to 93.3 in October from 84.5 in September and is 9.2 percent above October 2010 when it stood at 85.5. The data reflects contracts but not closings...improved contract activity is a hopeful sign...
Source: The National Association of REALTORS®