|
|
|
Pending Home Sales Index
|
Definition
The National Association of Realtors developed the pending home sales index as a leading indicator of housing activity. As such, it is a leading indicator of existing home sales, not new home sales. A pending sale is one in which a contract was signed, but not yet closed. It usually takes four to six weeks to close a contracted sale. Why Investors Care
|
| Released on
3/6/07
For
Jan 2007 |
|
Pending Home Sales Index - M/M
|
| Actual |
-4.1%
|
| Previous |
4.9
%
|
|
|
|
|
|
Highlights
January's pending home sales index fell 4.1 percent to 108.7 with the year-on-year rate down 8.9 percent. Though the year-on-year decline is steep, it's still better than the low double digit declines of late last year. Regionally, the South and Midwest showed monthly declines while the Northeast posted a sizable gain. The National Association of Realtors which compile the data was upbeat, saying the housing market is stabilizing outside of short-term weather distortions.
|
|
|
powered by ![[Econoday]](../../../../../../../../../images/logo.gif)
|
|
Legal Notices | © Copyright 2000 - 2008.
Econoday, Inc.
|
