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REAL ESTATE SALES INCREASING!

December 30, 2011 Leave a comment

The National Association of Realtors Published News Today that HOME SALES ARE INCREASING!

Washington, DC, December 29, 2011

Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of Realtors®.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November from an upwardly revised 93.3 in October and is 5.9 percent above November 2010 when it stood at 94.5. The October upward revision resulted in a 10.4 percent monthly gain.

The last time the index was higher was in April 2010 when it reached 111.5 as buyers rushed to beat the deadline for the home buyer tax credit. The data reflects contracts but not closings.

See Press Release Here > http://www.realtor.org/press_room/news_releases/2011/12/phs_nov

Watch NBC Video Report Here > http://plus.cnbc.com/rssvideosearch/action/player/id/3000064822/code/cnbcplayershare

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Categories: Real Estate News