According to the National Association of Realtors® The Pending Home Sales Index show an increase of signed contracts in August that rose 4.3 percent to 82.3 based on contracts signed in August. The increase is from the 78.9 percent data from July. The figures represent contracts and not closings, which generally have a delay of one to two months. Lawrence Yun, NAR chief economist, has stated that the latest data is consistent with a gradual improvement in home sales in upcoming months. Yun also said that, “Attractive affordability conditions from very low mortgage interest rates appear to be bringing buyers back to the market.” “However, the pace of a home sales recovery still depends more on job creation and an accompanying rise in consumer confidence. For more information, contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City. Eddie can also be reached by phone at 201-344-2886.
home sales have increased again for the second month in a row.
Lakeway, TX
The Austin neighborhood I live in, Apache Shores, has seen only 2-4 homes sold per month for many months, but now has 8 under contract.
Oct 08, 2010 09:56 AM
Sothbey's International Realty - Hoboken, NJ
Rainmaker
301,825
301,825
Edward Perez
Service Areas
Real Estate Resources
Market news,stats, new listings, price reductions and lots of other useful info about condos and other real estate in Hoboken, NJ.
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Hoboken Condo Living
If you enjoy what you are reading, remember to subscribe to my blog. It is my focus to provide relevant greater Hoboken real estate market information on real world level. No media hype. No fluff. Just a real voice based on an active Hoboken REALTOR (R).
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