pending home sales: More Good News! - 06/27/12 08:56 AM
 
The Market Barometer can’t seem to get ahead of all the Good News!  The National Association of Realtors (NAR) just reported that the Pending Home Sales Index is 13.3% higher than it was a year ago. At 101.1, it is as high as it was in June 2010 when buyers were rushing to beat the expiration of the tax credit. NAR projects that the housing market is on track to see a 9% to 10% improvement in sales this year.  Meanwhile, the ever-stubborn Case-Shiller price index shows price increases in 19 of the 20 markets covered.


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pending home sales: Housing Conditions - The Recovery Room - 04/27/12 09:50 AM

Looks like we're out of surgery and in the recovery room -- and a positive pulse prevails. Hot off the press data show pending home sales increased 4.1% in March, month-over-month.  The index currently stands at 12.8% above March 2011. 
 
Forecasts from a variety of sources support the strengthening pulse thesis. Barclays Capital recently noted that the spring selling season appears to have arrived with enough strength to “kick-start a positive feedback loop in housing for the first time since 2005.” Barclays forecasts . . . (read more at Bowden's Beat).
 
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Judith She`

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