Property Search

Pending Sales Are Up In October- Could Be Good New For The Housing Market

According to the National Association of Realtors® (NAR), the October pending sales rose strongly and remain above year ago numbers.

NAR chief economist, Lawrence Yun contributes this to combination of:

  • pent up demand of buyers getting ready to enter the market once again
  • extremely low mortgage rates and home prices
Yun also contributes the rising rental costs as a possible stimulant to the increasing number of pending sales.
You can find Yun talking about the most recent pending sales numbers in the video below or you can visit the following link for more information.
Enhanced by Zemanta
About Alex Rogers

I educate, I read, I analyze, I communicate, I negotiate, I consult, I blog. But mainly, I help good people buy & sell homes. And yes, I sleep. Sometimes. Connect with me:

Website - Profile - Facebook - Twitter - Google +