Home sales rose 6.5% for December, the Pending Home Sales Index rose to 6.3% (signed contracts scheduled to close in 2 to 3 months) thanks to 13% gains in the Midwest and the South, and several major lenders have postponed any further foreclosure proceeding while the U.S. federal government works out a banking stabilization plan.
Sunday, February 15, 2009
A Few More Positive Signs
Home sales rose 6.5% for December, the Pending Home Sales Index rose to 6.3% (signed contracts scheduled to close in 2 to 3 months) thanks to 13% gains in the Midwest and the South, and several major lenders have postponed any further foreclosure proceeding while the U.S. federal government works out a banking stabilization plan.
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