Pending home sales at promising levels

Montecito Historic Hedgerow Estate sale pending

A pending home sale in Montecito, CA

As another good sign for the housing market, the National Association of Realtors reported another increase in pending home sales last month. The Pending Home Sales Index increased by over 5% in October, signalling the highest level in over five years. Pending home sales have risen for 18 consecutive months on a year-over-year basis. A chief economist from the National Association of Realtors noted that we are finally feeling the impact of steady job creation and consumer confidence. Learn more here…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s