If there is any doubt that the home market has begun to recover, one only has to look at the Pending Home Sales Index. The forward-looking indicator of existing home sales is up for the the fifth consecutive month, the first time in six years for such a streak, according to the National Association of Realtors.
Details are available at Examiner.com.
A quick side note, the chart above dramatically underscores how the credit crisis last fall ended what had appeared to be the beginnings of a recovery in home sales.
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