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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: richardred who wrote (1266)	11/29/2012 10:53:36 AM
From: richardred	Read Replies (1) of 8239

US pending home sales jump to nearly a 6-year highSales contracts to buy US homes jump in October to nearly a 6-year high WASHINGTON (AP) -- An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made home buying more attractive. The National Association of Realtors says its seasonally adjusted pending home sales index rose 5.2 percent to 104.8 in October. Excluding a few months when the index spiked because of a homebuyer tax credit, that is the highest level since March 2007. Contract signings typically indicate where the housing market is headed. There's generally a one- to two-month lag between a signed contract and a completed sale. finance.yahoo.com

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