Tuesday, February 28, 2012

Bay Area Homes - Pending Home Sales Rise, Market on Uptrend

Housing Bright Spot: Pending Home Sales Rise, Market on Uptrend


Pending home sales are on an upward trend, which has been uneven but meaningful since reaching a cyclical low last April, and are well above a year ago, according to the National Association of REALTORS®.


The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 2.0 percent to 97.0 in January from a downwardly revised 95.1 in December and is 8.0 percent higher than January 2011 when it was 89.8. The data reflects contracts but not closings. ...
Read more by clicking on link below
http://rismedia.com/2012-02-27/housing-bright-spot-pending-home-sales-rise-market-on-uptrend/


Other Links and Sites:


http://www.trulia.com/blog/perry_mistry/2012/02/home_depot_results_indicate_housing_bottom_and_bay_area_trends



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