Tuesday, May 5, 2009

Pending home resales up again

On the national scene:

Boston Globe
Courtney Schlisserman and Sho Chandra
May 5, 2009

WASHINGTON - Pending sales of US existing homes posted their first back-to-back gain in almost a year in March, and construction spending ended a six-month slide, spurring a rally in stocks......

"People are worrying a bit less about a depression and starting to see signs of recovery," said James O'Sullivan, a senior economist at UBS Securities LLC in Stamford, Conn."

see full Boston Globe article:

http://www.boston.com/realestate/news/articles/2009/05/05/pending_home_resales_up_again/

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