National Home Pending Sale Index Off 13.2%
The Pending Home Sales Index, based on contracts signed in October, slipped 1.7 percent to a reading of 107.2 and is 13.2 percent lower than October 2005. The index had trended up from a cyclical low of 105.6 in July, and a decline from year-ago levels is narrowing. In September, the index was 13.6 percent below a year earlier, while in August the decline was 14.0 percent. San Diego real estate agent
[tags] real estate market, real estate, housing, housing market, real estate bubble[/tags]
If you enjoyed this post, make sure you subscribe to my RSS feed!
3 Comments
Comments are closed.
Even with the major builders offering thousands in home purchase incentives, they are have a very hard time selling.
Do you think 2007 will be the bottom?
Larry
http://www.la-orange-county-lawyers-attorney-directory.com
Tough times in real estate may change the San Diego conventional wisdom that you can never lose in real estate.
Winston
San Diego California Real Estate Agents
In 2005 most of the commenters on the real estate market were saying there’s no bubble and our mini boom would never end, this is a sure sign that an end is fast approaching.
Tiffany
Tijuana Dentist