National home sales are at a three year high. After climbing steadily for the past three months, November's Pending Home Sales Index rose 1.7 percent to 106.4. This is the highest the Index has reached since April 2010, when the deadline for the home buyer tax credit was approaching. But November's increase isn't due to stimulus; rather, an increase in demand and highly favorable housing affordability conditions are spurring the gains. Existing-home sales, meanwhile, rose... Read More






