Missing Pages or Content?

ALERT - Users have reported being automatically logged out of the MRU web site, when using IE for site access.  MRU recommends using Firefox, Chrome or another browser when LOGGING into the site.  We are working on this problem and will post updates here.  We aplogize for any inconvenience this causes to our site visitors.

You are not logged in and so you are missing many of our essential content pages.  Member Only pages are not visable unless you are logged in.  So  please log in to access our Member Only content, or if you are not yet registered, please register for membership.  It’s fast, free and easy.  No credit card is required. 

« Over a year since Zilpy and Trulia Partner, Integrate Platform into Rent Heatmaps | Real estate pros become design pros with eNeighborhoods new Design Center »
Saturday
Sep052009

Pending Home Sales on Record Roll

DateSaturday, September 5, 2009 at 12:00PM

Washington, September 01, 2009

Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.

The Pending Home Sales Index,1 a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June, and is 12.0 percent higher than July 2008 when it was 87.1.  The index is at the highest level since June 2007 when it was 100.7.

Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the better.  “The recovery is broad-based across many parts of the country.  Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit,” he said.

AuthorMRU Managing Editor | CommentPost a Comment | Reference1 Reference |

PrintView Printer Friendly Version

EmailEmail Article to Friend

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>

Notify me of follow-up comments via email.