May Pending Home Sales Are UP 5.7 percent from May 2008- Nationally
Data On Regions Across the Country:
West: UP 2.2 percent
Northeast: UP 3.1 percent
South: DOWN 1.7 percent
Midwest: DOWN 1.3 percent
May Pending Home Sales Are UP 0.1 percent from April 2009-Nationally
This is the fourth consecutive month pending home sales are UP but actual existing home closings were only up 2 months and this may be due to delays in obtaining loans and because some buyers are having more difficulty obtaining loans because of new appraisal standards.
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