Oct 01 2009
“Each home sale pumps an additional $63,000 into the economy…” says Charles McMillian, President of the National Association of Realtors. What that means for Northwest Florida
In a recent post from the National Association of Realtors in Washington on Oct. 1, 2009 – “Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in August, rose 6.4 percent to 103.8 from a reading of 97.6 in July, and is 12.4 percent above August 2008 when it was 92.4. The index is at the highest level since March 2007 when it was 104.5.
