Loading LiveCycle Banners.
  1. News Articles
  2. Related News Articles
  3. Comments (1)
News Article Details

Pending Home Sales Up in November

Back | A- | A+
 Email This     Print     Subscribe

Posted on 29 Dec 2011

Pending sales of existing U.S. homes surged to a 1-1/2 year high in November, an industry group said on Thursday, offering more signs of a tentative recovery in the housing market.

The National Association of Realtors' Pending Home Sales Index, based on contracts signed in November, increased 7.3 percent to 100.1 — the highest level since April 2010.

Economists polled by Reuters had expected pending sales to rise only 2 percent. Pending sales lead existing home sales by a month or two.
Recent data on home sales and construction have been fairly upbeat, suggesting an improvement in the sector, but prices continue to trend lower.


Gary  Dec 29 2011 11:26AM Report Abuse
This sounds good.
Post a Comment
If you are a Storefront / Tradingfloor user, click here to login.
Note: As a guest user, please fill out the form below to post a comment.
Post your comments here.
Name :
Email Address :
Captcha :
Comments :
Character left : 2000