Pending home sales

Getting ready for a recovery could be the theme of last week’s housing reports. Pending Home Sales, after hitting a 19-month high in November, dipped a bit for December, yet came in 5.6% above where they were a year ago. The National Association of Realtors chief economist observed, “Even with a modest decline, the preceding two months of contract activity are the highest in the past four years outside of the homebuyer tax credit period.”

Posted on January 30, 2012 at 7:15 pm
Loren VanCorbach | Category: Uncategorized

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