Uptrend in Pending Sales for October

Pending home sales figures were higher in October over September by 10.4%.  The pending figures represent homes that have gone into contract but not yet closed. Lawrence Yun, chief economist for the National Association of REALTORS® (NAR) says, “It is welcoming to see a solid double-digit percentage gain, but activity needs to improve further to […]

Pending Homes: Housing Wealth for Middle Class has Begun to Stabilize

December activity was the fifth highest monthly tally in two years. Synopsis: Nationally pending home sales for December 2009 were up nearly 11% over December 2008. The Midwest saw an increase of 8.7%. Be in contract by April 30th and finalize your transaction by June 30th to qualify for a tax credit of up to […]

Pending Home Sales Down from Surge but Higher than a Year Ago

Markets

Washington, January 05, 2010 Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on […]