The annual rate at which contracts for a home purchase were drawn increased 6.9 percent from one year ago.
The annual rate at which contracts for a home purchase were drawn increased 6.9 percent from one year ago.
Home sales dropped last month, but not because demand was lacking. There are fewer homes for sale than at any time in the last 11 years.
The National Association of Homebuilders (NAHB) Housing Market Index ended its 8-month winning streak this month.
In November, for the second straight month, the Pending Home Sales Index eclipsed its benchmark reading of 100, posting a value of 106.4.
The Case-Shiller Index showed home prices gaining 4.3 percent during the 12-month period ending October 2012.
Rising permits and housing starts suggests a more healthy U.S. economy.
The National Association of Home Builders (NAHB) released its Housing Market Index (HMI), showing another monthly gain — its ninth in a row.
Foreclosure-tracker RealtyTrac reports falling foreclosure sales nationwide as banks get better at selling homes via short sale.
The Improving Market Index added 76 metropolitan areas in December as compared to the month prior.
According the National Association of REALTORS® (NAR), the Pending Home Sales Index rose 5.2 percent in October, crossing the benchmark 100 reading, and moving to 104.8.
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