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
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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