Friday, December 28, 2012

From the headlines - Pending Home Sales on the Rise

"The National Association of Realtors says its pending home sales index, which measures contracts to buy homes, increased last month to its highest level in two and a half years.
It's the latest sign of improvement in the battered housing market.
The NAR said its seasonally adjusted index rose 1.7% in November from October to 106.4. That's the highest since April 2010, when a homebuyer tax credit caused a spike in sales. And excluding those months when the tax credit was available, it's the best reading since February 2007."

This news is great for those that are thinking about possibly selling their home in the coming year. As the story goes on to say, with inventory at a 11-year-low in some places and price points, prices are on the rise throughout the country. Locally this is also true with many areas seeing significant price growth over the past year. For buyers this news is further proof that the bottom has come and gone and if you are in the place where you would like to put down some roots now is the time to begin your search.
If you are interested in learning more about how much your home might sell for or beginning the process of looking for a new home we would love the opportunity to talk with you and see how we might be able to best serve you.

For the complete story click here.

No comments: