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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (280411)	10/4/2010 3:26:41 PM
From: tejek	Respond to of 306849

Just like Cash for Clunkers, housing dipped after the tax credits were over and now is starting to bounce. Pending Home Sales Climb 4.3% in August 10/4/2010 10:01 AM EDT Pending home sales have increased for the second consecutive month, according to the National Association of Realtors. The Pending Home Sales Index, a forward-looking indicator, rose 4.3% to 82.3 based on contracts signed in August from a downwardly revised 78.9 in July, but is 20.1% below August 2009 when it was 103.0. The data reflects contracts and not closings, which normally occur with a lag time of one or two months. Analysts had expected a rise of 1.0%.