Monday, March 4, 2013

Pending Home Sales Up


National Association of Realtors
February 28, 2013


Pending home sales rose in January, and have been above year-ago levels for the past 21 months.


NAR Chief Economist Lawrence Yun explains: "Favorable affordability conditions and job growth have unleashed a pent-up demand. Most areas are drawing down housing inventory, which has shifted the supply/demand balance to sellers in much of the country. It's also why we're experiencing the strongest price growth in more than seven years."

Read the full article

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