Pending Home Sales Index.... Charted for Your Viewing Pleasure

Yesterday, I posted a chart of the relationship between the Pending Home Sales Index and Mortgage rates. I thought you would be interested to see the how the West is doing vs. other areas of the country. Bucking the cooling trend is the South, which may be due to the high demand, low supply real estate market conditions created by hurricane Katrina. The Northeast has a small bump up for which I have no explanations but welcome any theories. From this point on, I will be updating this chart as the NAR releases it's new PHSI figures. Get it directly by subscribing to my RSS feed or add this blog to your del.icio.us