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« In The Midst Of The Global Marketplace | Main | The Morning After! »
Monday
May042009

Housing Sales Increase In March 2009

Real Estate Housing Sales Increase

United States pending home sales increased during March 2009 for the second straight monthly increasein a row. This data indicates that the Great Recession, which is now in its 17th month, has indeed found its bottom and is getting ready to move forward.

National Association of Realtors

The National Association of Realtors or NAR said that its Pending Home Sales Index, which is based on signed contracts that were executed in March 2009, increased by 3.2% to 84.6 as a swarm of first-time real estate buyers jumped into the market to take advantage of favorable real estate prices and historically low mortgage interest rates.

DateMonday, May 4, 2009 at 11:30AM
AuthorWealth Legacy Series | CommentPost a Comment
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