Monday, July 17, 2006

Pending Home Sales Indicate Stabilizing Market

The National Association of Realtors® (NAR) reports that "The index of pending home sales, a leading gauge for the housing sector, rose slightly in May ... up 1.3 percent to a level of 113.4 from an index of 111.9 in April, but was 10.1 percent lower than May 2005."

The Pending Home Sales Index,* based on contracts signed in May, was
To read more: Pending Home Sales

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