Surprise! Pending home sales are up
Current Events, Meltdown, National Association of Realtors, Pending Home Sales | (0)
From the Atlanta Investor Wire:
The number of signed contracts to buy a home unexpectedly rose last month to the highest level seen in eight months.
According to the National Association of Realtors’ Pending Home Sales Index released today, the number of contracts signed in June was up 5.3 percent from a downwardly-revised figure in May.
The jump in the Index came as a surprise. Economists had widely expected that home sales contract signings would decline by 1 percent.
Still, the number of pending home sales was 12.7 percent below last year’s levels.
In the south, pending sales jumped 9.3 percent from last month, but ...
