Jul 30, 2013
Pending home sales up nearly 11 percent
30 Jul 2013
Posted by Andrew Kantor
The June Pending Home Sales Index from NAR is up 10.9 percent over last year, marking 26 straight months of increases.
(Month-to-month the number is down, but that doesn’t matter as much. In fact, the monthly figures have been up in odd-numbered months and down in even-numbered months since last December. Translation: Who cares?)
The southern region didn’t do quite as well; we were up only 9.5 percent over 2012. Still, quite a nice showing as the recovery continues.
Oh, and adding to the good news, new-home sales have also been up year-to-year for 21 straight months, and in 24 of the last 25 months.