Arab Today, arab today us pending home sales rise to over 5year high
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

US pending home sales rise to over 5-year high

Arab Today, arab today

Arab Today, arab today US pending home sales rise to over 5-year high

Washington - XINHUA

The number of U.S. households that signed contracts to buy homes jumped in October to the highest level in more than five years, a leading U.S. industry group reported on Thursday. The National Association of Realtors (NAR) said its index of pending home sales, which measures the number of contracts to buy previously-owned homes that have been signed but not yet closed, rose 5.2 percent to 104.8 in October, the highest level since March 2007, and marked the 18th consecutive month of year-on-year gain. Buyers were responding to favorable market conditions, said Lawrence Yun, NAR chief economist. "We've had very good housing affordability conditions for quite some time, but we're seeing more impact now from steady job creation, and rising consumer confidence about home buying now that home prices have clearly turned positive," Yun added. The NAR index is a leading indicator of future existing home sales, since there is usually one or two months' lag between signing a contract and closing a deal. A reading of 100 indicates an average level of sales activity in 2001, when the index started. The reading was above the 100 threshold from March 2003 to April 2007, and then sank as the country fell into a deep recession caused by the housing debacle.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us pending home sales rise to over 5year high Arab Today, arab today us pending home sales rise to over 5year high

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us pending home sales rise to over 5year high Arab Today, arab today us pending home sales rise to over 5year high

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday