RISMEDIA, December 3, 2010—Pending home sales jumped in October 2010, showing a positive uptrend since bottoming in June, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator, rose 10.4% to 89.3 based on contracts signed in October from 80.9 in September. The index remains 20.5% below a surge to a cyclical peak of 112.4 in October 2009, which was the highest level since May 2006 when it hit 112.6.
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Source: rismedia.com
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