Pending Home Sales Holding In Stable Range WASHINGTON, December 09, 2008 Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the National Association of Realtors®. The Pending Home Sales Index,¹ a forward-looking indicator based on contracts signed in October, slipped 0.7 percent to 88.9 from an upwardly […]
Housing Stocks Become Hot Item
Investors who bought housing stocks at the beginning of the year after two and a half years of steep declines are being rewarded for their prescience. As the Federal Reserve started cutting interest rates, the stocks of home builders Toll Brothers, Lennar, and Hovnanian rose 40 percent, 52 percent, and 96 percent respectively. Some analysts […]
