The National Association of Realtors released its pending home sales report for the month of August, and for the first time in 35 months the pending homes sales index showed a year-over-year increase.
The index is designed to be a forward looking indicator of sales activity. Based on the results of the August report, existing home sales for the month of September should show a corresponding increase. In fact our preliminary review of the Dane County data suggests that single family home sales in the month of September may very well end up at or above the sales levels from September of 2007. More on the September numbers later this month.
Sunday Night Futures
10 hours ago
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