Pending Home Sales

SAN FRANCISCO--(BUSINESS WIRE)-- Pending home sales in San Francisco increased 30 percent month over month in October and 58 percent year over year, according to the latest Market Focus report issued jointly by Rosen Consulting Group and the San Francisco Association of REALTORS(R). The report indicates that the sharp rise in the number of homes under contract should lead to strong sales activity going forward. The improvement in home sales activity in the city observed during the last six months and the recent jump in pending sales has reduced the inventory of single-family ...

SAN DIEGO, CA -- (MARKET WIRE) -- 11/13/09 -- Aided by the home buyer tax credit, the outlook for housing and the economy appears headed for a sustainable recovery, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, said the projections are enhanced by a tax credit expansion to more home buyers through the middle of 2010. "Given the success of the first-time buyer tax credit to date, and the need for qualified buyers to continue to absorb inventory that will include additional foreclosures over the coming year, we are hopeful about the impact of the expanded tax credit because it will stabilize home prices," he said. "In fact, the credit is working better than first projected -- it now looks like we'll have 2.3 to 2.4 million ...

Good morning. The recent wild ride on Wall Street continued yesterday as the Dow’s swing of 181 points intraday definitely kept everyone on their toes. And while the focus in the market had been all about the earnings reports and whether or not Corporate America could deliver some top-line growth, it now appears that the focus has shifted to the charts of the dollar and the banks.

Stocks enjoyed a nice pop out of the gate yesterday on the back of more good economic news out of China, where the PMI grew at the fastest rate in eight years. The bulls then wasted little time in celebrating some good news here at home as the reports from the ISM Manufacturing Index as well as Pending Home Sales and Construction Spending all came in well above expectations. And with the better economic news came some selling in the dollar. Thus, before ...

Stocks are being driven up from Friday's losses after better-than-expected key economic reports on manufacturing and housing. At noon, the Dow is up 100 points after falling 250 on Friday.

The ISM Manufacturing report showed a manufacturing index of 55.7, ahead of economist's predictions of 53. This is the fastest rate of ...

Pending home sales for the month ...