The roller coaster that is the real estate market is on the upswing. Don’t think this is the Kingda Ka type of upswing but more like the Teeny Weeny type.

The Pending Home Sales Index from the National Association of Realtors (NAR) rose a paltry 0.1% during the month of May. A more impressive comparison was year-over-year where the index showed a 6.7% increase compared with May 2008. This was the first four-month percentage increase since way back in October of [...]

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Is it time to jump for joy or is this news a small silver lining to a still very dark cloud? That is the question of the day as NAR released their Pending Homes Sales Index.

For those of you not familiar with the Pending Homes Sales index, it is a forward-looking indicator for the housing sector, based on pending sales of existing homes. The index is based on contracts signed two months ago. These sales are listed as pending [...]

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