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 […]

August 2009 Pending Sales Data

Lawrence Yun, NAR chief economist, discusses the statistical data up to August 2009 and explains what the information is telling us about the market. Video: Key Points: Pending sales are up all over the country. A monthly increase of 6.4% and an annual increase of 12.4%. The disconnect between pending home sales figures and existing […]