Sep 27, 2013
Pending home sales up for 28th (!) straight month
27 Sep 2013
Posted by Andrew Kantor
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.