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Even more positive news...

By: oldCADuser in FFFT | Recommend this post (2)
Wed, 30 Nov 11 8:30 PM | 46 view(s)
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Msg. 36478 of 65535
(This msg. is a reply to 36477 by oldCADuser)
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Pending home sales rise 10.4% in October

Nov. 30, 2011, 10:00 a.m. EST

WASHINGTON (MarketWatch) -- Pending home sales rose 10.4% in October, hitting 93.3 on an index released Wednesday by the National Association of Realtors. "We hope this indicates more buyers are taking advantage of the excellent affordability conditions," said Lawrence Yun, NAR's chief economist, in a statement. An index reading of 100 is equal to the average level of contract activity during 2001. A sale is listed as pending when the contract has been signed but the transaction has not closed. Not all contracts lead to closings. By region, October pending home sales rose 24.1% in the Midwest, 17.7% in the Northeast and 8.6% in the South. In the West pending sales fell 0.3%. Nationally, pending sales are up 9.2% from last year.

http://www.marketwatch.com/story/pending-home-sales-rise-104-in-october-2011-11-30-100120?siteid=

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The above is a reply to the following message:

More positive news...
By: oldCADuser in FFFT
Wed, 30 Nov 11 8:28 PM

Msg. 36477 of 65535

Nov. Chicago PMI accelerates to seven-month high

Nov. 30, 2011, 9:49 a.m. EST

WASHINGTON (MarketWatch) -- The November reading of the Chicago PMI (Purchasing Managers Index) rose to 62.6% from 58.4% in October, which is a seven-month high and the 26th straight month over the 50% level that indicates expansion. Economists for MarketWatch had expected the gauge to stay at 58.4%. Gauges for production, new orders and order backlogs all accelerated. One panelist said, "From observation from our company it feels as if the market is making a comeback."

http://www.marketwatch.com/story/nov-chicago-pmi-accelerates-to-seven-month-high-2011-11-30?siteid=

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