NAR: Home prices are firming

Real Estate News Blog Headline

Pending home sales rise again

Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in May, increased 0.1 percent to 90.7 from an upwardly revised reading of 90.6 in April, and is 6.7 percent higher than May 2008 when it was 85.0. The last time there were four consecutive monthly gains was in October 2004.

Posted: July 1, 2009

More Real Estate Blog: This week | Previous | Search archive

	Your Contact Information (Please complete all fields)
	First Name: Last Name: Daytime Phone: Evening Phone: Fax:		E-Mail: Street Address: City: State: Zip Code:

Comments:

To make sure that we send you the right information to help you with your current plans, please indicate:

If you are planning to move in the next 6 months or less, you will need to organize yourself quickly. Please select Report #1.
If you think you will move after the next 6 months, there are a greater number of issues you can address. Please order Report #2.

Report:


	Our office: RE/MAX REALTY CENTRE 3300 Olney-Sandy Spring Road Olney, Maryland 20832 301-774-5900

© Copyright MarylandSuburbs.com \| Privacy Policy \| Site Map *Some restrictions do apply. See respective page for details