Sunday, November 15, 2009

NAR Reports Pending Home Sales Rise for Eight Consecutive Monthly Gains

The National Association of Realtors (NAR) reported that Pending home sales rose again, marking eight consecutive monthly gains–the longest streak since measurement began in 2001.

NAR's index is released during the first week of each month and is designed to be a leading indicator of housing activity. The index measures housing contract activity, based on signed real estate contracts for existing single-family homes, condos and co-ops.

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