Rate of existing home sales fastest in 2 years
The National Association of Realtors reported sales of existing homes jumped 7.2 percent to an annual rate of 5.24 million units. This represents the highest total since Aug. 2007 and greatly exceeding economist expectations for a 5 million unit pace. Sales were at a 4.89 million pace in June.
July's percentage increase was the largest…
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Friday, August 21, 2009
Tuesday, August 4, 2009
Pending Home Sales Index Rises in June again
Pending Home Sales Index Rises in June again
According to the National Association of Realtors (NAR) pending home sales rose in June marking the fifth consecutive month of gains. This is an encouraging sign of life for the US housing market.
NAR says it's pending home sales index rose 3.6% to 94.6 from the upward revised reading of 91.3 in May.
The 94.6 was much higher than economist's expectations of 91.2.
When was the last time there were 5 consecutive months of gains with pending home sales? July 2003.
If you are considering purchasing a new home while home prices remain low and mortgage rates are still near all time lows give me a call. Together we will determine the best mortgage loan that will meet your long and short term goals.
According to the National Association of Realtors (NAR) pending home sales rose in June marking the fifth consecutive month of gains. This is an encouraging sign of life for the US housing market.
NAR says it's pending home sales index rose 3.6% to 94.6 from the upward revised reading of 91.3 in May.
The 94.6 was much higher than economist's expectations of 91.2.
When was the last time there were 5 consecutive months of gains with pending home sales? July 2003.
If you are considering purchasing a new home while home prices remain low and mortgage rates are still near all time lows give me a call. Together we will determine the best mortgage loan that will meet your long and short term goals.
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