Pending home sales up nearly 11 percent

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.

Read the full story over at NAR, but ignore the headline.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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