Pending home sales up 7.4 percent in August | Kansas.com

by Lynette Chapman on October 8, 2008

in Blog

WASHINGTON – Pending home sales rose 7.4 percent from July to August, an unexpected piece of positive news for the battered U.S. housing market.

The National Association of Realtors said Wednesday its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July reading of 87. The reading was the highest since June 2007.

Pending home sales up 7.4 percent in August | Kansas.com

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