Pending Home Sales Report 09/10

Synopsis: The number of homes that went into contract in September was down 1.8% nationally from the prior two months. In the midwest, we have a decrease of 5.7%. “Nonetheless, there appears to be a pent-up demand that eventually will be unleashed as banks resolve their issues with foreclosures and the labor market improves. However, […]

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Real Estate Sales Down AND Up!

Nationally, June home sales were down in comparison to last month but are nearly 10% higher than they were in June of last year. Lawrence Yun, NAR’s (National Association of REALTORS) Chief Ecconomist says, “Only when jobs are created at a sufficient pace will home sales return to sustainable healthy levels.” “The supply of homes […]

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