December Pending Home Sales Edge Upward
Tuesday, 02 February 2010 19:46
Triangle Real Estate Market News
Here's the link. The National Association of Realtors (c) just released their pending home sales index for December 2009. Per their survey, pending home sales inched upward 1 percent for December vs. November - and up over 10 percent vs. December 2008. This is considered a leading indicator for home sales (completed closings/escrows).
NAR pulls this data from local and regional Multiple Listing Services - when a home is noted in the database as "Pending" or "Under Contract" -
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