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Loan Modification

: Mortgage Lender Implode-o-Meter

Pending Home Sales Rebound from Record Low. What Might Boost Buyer Demand?

By Implode-Explode Heavy Industries

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"NAR's Pending Home Sales Index measures the number of home purchase contracts that were signed in the monthly reporting period. Once "pending" sales contracts are closed, they are considered an existing home sale. Because the Pending Home Sales index tells us how many contracts were signed, it is consider a forward indicator of existing home sales. A signed contract is not counted as an existing home sale until the transaction actually closes. "

Full post as published by Mortgage Lender Implode-o-Meter on September 03, 2010 (boomark / email).

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