NAR’s Pending Home Sales Index Hits Highest Level in Two Years in July was originally published on Chicago Agent Magazine, the leading source for news and perspective for real estate professionals in the Chicagoland area.
By Peter Ricci The Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, rose 2.4 percent from June to July and reached its highest level in more than two years, or, since the expiration of the first-time homebuyer tax credit,�according to the National Association of Realtors. The index rose from 99.3 in June to 101.7 in July, far above the consensus, and from July 2011, the index is up by 12.4 percent. Pending Home Sales Index and the Housing Market Some other details in NAR’s report included: �Regionally, the South ...
NAR’s Pending Home Sales Index Hits Highest Level in Two Years in July was originally published on Chicago Agent Magazine - For the well-informed real estate professional, the leading source for news and perspective for real estate professionals in the Chicagoland area.
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