Calculated Risk has posted an excellent and important commentary piece that is worth reading by all given the current financial crisis.
Pending Home Sales Jump 7.4% – National Association of Realtors (NAR)
October 8, 2008 By Leave a Comment
The National Association of Realtors is reporting that pending sales jumped in August compared to the same time last year. We have seen an even greater jump here in the Twin Cities.
This data is backward looking so it’s difficult to know if this trend will continue given the chaos in the financial markets the past three weeks.