Tuesday, August 19, 2008
FYI: PENDING SALES JUMP UP
The pending home sales index jumped in July by 5.3%, rising in every region of the US. In the South, the index was up by 9.3%. Is a turnaround underway? This index measures signed sale contracts that are on the way to a closing, which is a leading indicator of home sales for the coming two or three months.
Posted by Marilyn Farber Jacobs at Tuesday, August 19, 2008