Just In….
Saturday, August 8, 2009 | Add a comment
According to the National Association of Realtors, Pending home sales are up for the fifth consecutive month, and it’s been six years since a streak like this. Based on the figures from the Pending Home Sales Index, signed contracts rose 3.6 percent to 94.6 in May. In June of 2008 the figure was 88.7 percent. Some factors that are contributing to the gain are low mortgage interest rates, affordable home prices, and buyers who’ve been waiting for something to change.
Here are the regional figures from the Pending Home Sales Index:
- Northeast: rose 0.4 percent to 81.2 in June and is 5.8 percent above a year ago.
- Midwest: increased 0.8 percent to 89.9 and is 11.6 percent above June 2008.
- South: jumped 7.1 percent to 100.7 in June and is 8.9 percent higher than a year ago.
- West: rose 2.9 percent to 100.4 but is 0.2 percent below June 2008.
