| Jul 28, 2011 2:44PM Pending real estate sales had another strong showing in June according to the Pending Home Sales Index (PHSI) released today by the National Association of Realtors® (NAR). The Index, a forward-looking indicator based on home sales contracts, rose 2.4 percent to 90.9 in June, following an 8.2 percent increase to 88.8 in May. The June figure is 19.8 percent above the 75.9 percent number one year earlier, a trough period immediately following the expiration of the home buyer tax credit. The PHSI... Jul 28, 2011 2:15PM Almost 85 percent of large cities showed a decrease in foreclosure activity during the first six months of 2011 according to the Mid-year 2011 Metropolitan Foreclosure Market Report released on Thursday by RealtyTrac. This includes the ten cities with the highest foreclosure rate among the 211 metropolitan markets covered by the report and all but one of the top 20. RealtyTrac 's report usually incorporates documents filed in all three phases of foreclosure. This midyear summary does not break out...
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