Pending home sales rise unexpectedly

From MSNBC.com, updated 10:56 a.m. ET, Thurs., Aug. 7, 2008

The index, which was expected to fall, increased 5.3 percent

WASHINGTON - A measurement of pending home sales rose in June in a rare piece of positive news for the beleaguered market.

The National Association of Realtors' seasonally adjusted index of pending sales for existing homes rose 5.3 percent to 89 from May's reading, which was revised downward to 84.5 from an earlier reading of 84.7.

Source: MSNBC.com. View Article.

Back to main News and Info page.