MARKET CONDITIONS

Market Data Index IXIC on 20050726 202628 UTC
Market Data Index IXIC on 20050726 202628 UTC (Photo credit: Wikipedia)

Key market data at the midpoint of 2012 suggest a solid second half of the year.  Existing-home and pending home sales were up more than 2 percent; home prices were up more than 9 percent on a year-over-year basis, to $l87,300; and inventories were down, pointing to possible continued price groth.  Distressed sales were down as a share of the market, too.

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