Sunday, August 10, 2008

PENDING HOME SALES JUMP

Pending home sales in June rise, hello it is August. I could have told you that, or I did back in June.

Pending Home Sales Show Surprising 5.3% Gain

U.S. home sales contracts signed in June unexpectedly rose, boosting an index of pending sales to the highest level since October, though it was well below the year-ago level, a real estate trade group said on Thursday.
The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in June, was up 5.3 percent to 89.0 from a downwardly revised 84.5 in May.
It was the highest reading for the index since October, when it was at 89.8.
Read the whole article here: http://www.cnbc.com/id/26072378

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