Posts Tagged ‘zandi’Housing Perspective: July Pending Home SalesHomes under contract to buy rose in July for the sixth straight month, reaffirming the widely held view that the worst of the housing market correction is behind us. The index of pending home sales rose 3.2% from the month before, according to Bloomberg. Even Mark Zandi, the famously bearish chief economist at Moody’s Economy.com, [...] Housing Perspective: September New Home Sales DataNew Home Sales rose unexpectedly in September, but prices continue to fall. According to Bloomberg: Purchases increased 2.7 percent to an annual rate of 464,000 Median sale price decreased to a four-year low The median price declined 9.1 percent from a year earlier to $218,400 The supply of homes fell to 10.4 months from 11.4 [...] |