Posted on Monday, January 18, 2010
Pending Home Sales, a forward looking indicator based on contracts signed in November 2009, fell 16% from October but is still 15.5% higher than November 2008.
PHS dropped 25.7% in the NE but is 14.7% up YOY. On the South PHS fell 15% but is 14.7% up YOY. In the West PHS dropped 2.7% but is 21.4% higher than November 2008.