The National Association of Realtors Pending Home Sales Index topped 100 in November. That represented a 19-month-high for the index. So while the index edged down in December, to 96.6, the big picture is still somewhat hopeful, says NAR chief economist Lawrence Yun:
While we are not likely to look to the NAR as a primary, objective source of analysis on the state of the housing market, Yun is certainly a credible source, and the index's ups and downs do provide a helpful read on one key aspect of the economy. Read the NAR press release here.
Posted
01-26-2012 9:06 AM
by
Graham Griffith