October 4, 2006

Pending Home Sales Rising In August

Pending Home Sales Rising In August

 

According to a trade association, pending sales of U.S. homes rose 4.3 percent in August in a sign the nation's housing market might be stabilizing.

 

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed each month, rose to 110.1 from 105.6 in July.

 

It was the first increase since May. Still, the index was 14.1 percent lower than August 2005, when the nation's housing market was near its peak.

 

Get the full story here…

 

 

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Mobile telephony also facilitates activism and public journalism being explored by Reuters and Yahoo![3] and small independent news companies such as Jasmine News in Sri Lanka.

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