More Pending Sales Indicate a Recovering Market
A recent report on Realtor.com speaks to the increasing number of ‘pending’ home sales nationwide. A sale is ‘Pending’ when it is under contract and waiting to close. The report shows that the pending sales index In the Midwest rose 1.3 percent in June to 79.6 but is 13.3 percent below a year ago. The index is measured against the volume of ‘Pending Sales’ in 2001.
Nationwide the numbers are on the upswing. In the Midwest, particularly in Cincinnati, a number of factors are contributing to the market improvements. The $7,500 first time home buyer tax credit, the market correction, and proper home pricing are all contributing factors. In addition there are fewer units on the market helping those that are on the market sell faster.
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cinplify.com
Aug 14th, 2008More Pending Sales Indicate a Recovering Martket…
There are more ‘Pending’ contracts in the midwest this month. This is a predicting factor for a continued housing market recovery….
buyer first home hud time
Jan 11th, 2009buyer first home hud time…
Interestingly, this was on CNN last week….