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Business
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Title: Pending Home Sales Hit 6-Month High
Source: Reuters
URL Source: http://abcnews.go.com/Business/wireStory?id=10805353
Published: Jun 2, 2010
Author: Reuters
Post Date: 2010-06-02 12:38:52 by Brian S
Keywords: None
Views: 608
Comments: 2

June 2, 2010

NEW YORK (Reuters) - Pending sales of previously owned U.S. homes hit a six-month high in April, as prospective home owners took advantage of a popular homebuyer tax credit, a survey showed on Wednesday.

KEY POINTS:

* The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in April, increased 6.0 percent to 110.9, the highest since October.

* It was the third straight month of gains in the index, which leads existing home sales by a month or two. Pending home sales rose by a revised 7.1 percent in March, a figure previously reported as a 5.3 percent increase.

* Analysts polled by Reuters had forecast pending home sales rising 5.0 percent in April. Compared to April 2009, the index was 22.4 percent higher.

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#1. To: Brian S (#0)

Short sales are booming, no denying it.

Of course, thats the end result of 360,000 foreclosures per month...but hey, everythings great!

(eyes rolling)

Badeye  posted on  2010-06-02   12:40:02 ET  Reply   Untrace   Trace   Private Reply  


#2. To: Boofer, Brian S (#1)

Short sales are booming, no denying it.

Wha...chuckle...huh?

Of course, thats the end result of 360,000 foreclosures per month...but hey, everythings great!

Before it was 350K a month (eyes rolling)

But it was actually 330k (eyes rolling)

And it's been trending down (eyes rolling)

And you were saying "Hey everything's great!!!" for all of 2005, 2006 and the part of 2007 that you weren't booted from LP even tho foreclosures were rising every month of those years...(eyes rolling)

war  posted on  2010-06-02   12:49:21 ET  Reply   Untrace   Trace   Private Reply  


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