Realtors' pending home sales index shows a healthy market

Posted by Bonnie Martin Designated Broker on Thursday, August 30th, 2012 at 9:46am.


usatoday.com - Americans signed more contracts to buy homes in July than at any time in the last two years, further evidence of a housing recovery.

 

The National Association of Realtors said Wednesday that its index of sales agreements for previously occupied homes jumped 2.4% in July to 101.7. That's higher than June's 99.3. It's also the highest reading since April 2010, last month that buyers could qualify for a federal home-buying tax credit.

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