Pending home sales fell in January, despite expectations of a boost from expanded tax credit, according to new figures from the National Association of Realtors (NAR).
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Pending Home Sales Fell in January
During 2009, net mortgage employment increased by 8,321 jobs, based on the Mortgage Employment Index. The index reflects mortgage-related hirings and layoffs tracked by MortgageDaily.com. Last year was a vast improvement from 2008 and 2007. Looking at just the fourth quarter, 2,995 U.S. layoffs were exceeded by 5,849 mortgage hirings — leaving the fourth-quarter net up by 2,854.
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Mortgage Employment Expands in 09
U.S. home prices rose for the fourth consecutive month in August, according to the monthly Standard & Poors/Case Shiller Index, although rising unemployment and the pending expiration of the first-time homebuyer’s tax credit raise doubts about whether the trend can be sustained.
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[News] Case-Shiller: Home Prices Rising
The Index of Leading Economic Indicators rose again in September, making six straight months the index has risen and providing hope that an economic recovery is in the offing.
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[News] Leading Economic Indicators Up Six Straight Months
The Index of Leading Economic Indicators rose for the third straight month in June, reinforcing hopes that the recession is nearing an end, even as a companion index showed actual economic activity continues to decline.
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[News] Leading Economic Indicators Rise Again
Housing prices continued to decline in March, suggesting that the housing market has yet to bottom out, according to a Standard & Poor’s survey released today.
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[News] No Bottom to Housing Market Yet: Standard and Poor’s
The Conference Board’s Index of Leading Economic Indicators posted its first increase in seven months in April and its biggest gain since November 2005, in one of the most hopeful signs to date that the economy may finally be bottoming out.
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[News] Economic Indicators Post Big Gain in April
Pending home sales rose in March, as first-time buyers took advantage of low prices and mortgage interest rates, plus an $8,000 tax credit, to make the move into home ownership.
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[News] Pending Home Sales Up in March