9 reasons to be optimistic about housing

Plenty of good news has been coming in about housing lately. Here's a round-up.

December 2, 2011

2. Pending home sales up 10.3 percent in October

Pending home sales rose strongly in October and remain above year-ago levels.

The Pending Home Sales Index from the National Association of Realtors, a forward-looking indicator based on contract signings, surged 10.4 percent to 93.3 in October from 84.5 in September and is 9.2 percent above October 2010 when it stood at 85.5.

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