Sep 02, 2010
Good news? Pending home sales rise in July
02 Sep 2010
Posted by Andrew Kantor
Sorry, no time for snarky comments or insightful dialog. Just a quote from the AP:
The number of buyers who signed contracts to purchase previously occupied U.S. homes increased in July but remained well below last year’s levels, a sign that demand for housing remains weak.
The National Association of Realtors said Thursday its seasonally adjusted index rose 5.2 percent from a month earlier to a reading of 79.4. Economists surveyed by Thomson Reuters had expected the index would fall to 74.9.
The index was still down 19 percent from the same month last year. June’s reading was the lowest on records dating to 2001. It was revised slightly downward to 75.5.