Spring buying pushed home prices up for a third straight month in most major U.S. cities in June. But the housing market remains shaky, and further price declines are expected this year.
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Tuesday, August 30, 2011
Case-Schiller Index - Home Prices Edge Higher Amid Wobbly Market
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Monday, August 29, 2011
National Association of Realtors - Pending Home Sales Slip in July
The consensus estimated an increase of 1.1% however pending home sales slipped 1.3%....
Pending home sales declined in July but remain well above year-ago levels, according to the National Association of Realtors®. All regions show monthly declines except for the West, which continues to show the highest level of sales contract activity.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 1.3 percent to 89.7 in July from 90.9 in June but is 14.4 percent above the 78.4 index in July 2010. The data reflects contracts but not closings.
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