In real estate there is something call the Pending Home Sales Index.
The National Association of Realtor's Pending Home Sales Index (PHSI) is released during the first week of each month. It is designed to be a leading indicator of housing activity.
The index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops. A signed contract is not counted as a sale until the transaction closes. Modeling for the PHSI looks at the monthly relationship between existing-home sale contracts and transaction closings over the last four years.
Great News sellers... in the Northeast the Pending Home Sales Index (PHSI) rose 2.3 percent to 76.1 in December and is 14.9 percent higher than December 2008
This shows that people are buying homes!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment