The West Again Leads in The Pending Home Sales Index

According to  Lawrence Yun , Chief Economist , National Association of Realtors ;


"The Pending Home Sales Index in the Northeast jumped 8.2 percent to 85.3 in August and is 12.0 percent higher than August 2008. In the Midwest the index rose 3.1 percent to 90.8 in August and is 7.6 percent above a year ago. In the South, pending home sales increased 0.8 percent to an index of 104.6 and is 8.2 percent above August 2008. In the West the index surged 16.0 percent to 130.5 and is 22.3 percent above a year ago."



Lawrence Yun, NAR's Chief Economist talks about the rise in the Pending Home Sales Index for the seventh straight month & the need of the extension and expansion of the $8,000 Tax Credit.

Source:
Realtor.Org Magazine

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