I receive daily e-mail updates from the Phoenix Business Journal. My posts on this blog tend to mimic what I have read that day.
Today I read an article stating that the Pending Sales Index used by the Natl Assc of Realtors indicates there was a + change in the past month. While May’s reading was 84.5, the index jumped to 89 for the month of June.
They are prediciting an uptick in the 4th quarter due to buyers taking advantage of new provisions in the recently passed housing stimulus bill. To read the full story, click on the link, http://www.bizjournals.com/phoenix/stories/2008/08/04/daily48.html?f=et73&ana=e_du
