Daily Economic indicator: Pending home sales are likely up

10/4/2010 | Bloomberg Businessweek

Economists surveyed by Bloomberg News say the number of pending home sales likely increased in August. Home sales plunged after the housing tax credit expired earlier this year, but have steadied in recent months. Persistent unemployment, however, may push down demand despite record-low interest rates on mortgages. The National Association of Realtors is set to release its report about pending home sales today.

View Full Article in:

Bloomberg Businessweek

Published in Brief: