Pending home sales up for 28th (!) straight month

NAR’s Pending Home Sales Index (which measures contracts, but not closings) was up 5.8 percent in August from the year before, marking 28 months of annual increases. (It was down from July, but that’s typical — sales taper off after summer.

NAR also expects total existing-home sales to be up about 11 percent in 2013 compared to 2012.

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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One Response to Pending home sales up for 28th (!) straight month

  1. ilan joseph says:

    Bad news sells. How boring is it to read the same headlines for the past 28 months. But focusing on the negative, they get more people like you and I to listen and discuss their reporting. Its the nature of all business. Look at most headlines, you usually see editors and writers opt for playing towards peoples fears.

    Ilan Joseph

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