A good sign for real estate trends. From Marketwire and the National Association of Realtors, reports show an increase in pending home sales over a year ago.
“The Pending Home Sales Index,* a forward-looking indicator based on contract signings, surged 10.4 percent to 93.3 in October from 84.5 in September and is 9.2 percent above October 2010 when it stood at 85.5. The data reflects contracts but not closings”.
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