US Pending Home Sales Index rises for ninth consecutive month

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US Pending Home Sales Index rises for ninth consecutive month

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12-02-2009, 10:59 AM

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US Pending Home Sales Index rises for ninth consecutive month

The National Association of Realtors (NAR) said its Pending Home Sales Index rose to 114.1 in October - its ninth consecutive monthly rise.The index is up 31.8% from this time last year - the biggest year-on-year gain since the series began in 2001.However, many analysts believe that the US housing market is being propped up [...]

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