Jul 28, 2011
Pending sales rise (!) in June
28 Jul 2011
Posted by Andrew Kantor
Pending sales of existing homes were supposed to drop by about two percent. Instead, they rose 2.4% — and that’s after an 8.2% jump from April to May.
Of course, as the linked article points out not all those contracts will close, what with lenders being so stingy. But still, it looks like some good news on the demand side.