Positive Stories Continue – Are They True?

Posted by pcbasentry on August 6, 2009

If all the stories and reports are to be believed,  our industry is beginning to recover from what is said to be the worst depression since the Great Depression of 1929-1933.  Every day new surveys and polls are released claiming that the worst is over.

Les Christie, CNNMoney.com staff writer  joins the optimists with this story.

Another sign of a housing thaw

June pending homes sales increased for the fifth straight month, adding to the list of positive reports recently released.

NEW YORK (CNNMoney.com) — More Americans signed sales contracts to buy homes in June than in May, the fifth consecutive month of increases, according to a report released Tuesday.

The National Association of Realtors said its Pending Home Sales Index rose 3.6% during the month. That was 6.7% higher than June 2008. It was the fifth straight month of increases, the first time that has happened since July 2003…

Read the complete story at CNNMoney.com and then post here and tell me  whether you’re seeing signs of recovery yet.


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