Pending home sales (houses under contract but not yet closed) rose by two tenths of a percent in the latest report from the National Association of Realtors.   Although not a huge shift, this is the second month in a row of a positive direction change in many months for thissignificant real estate future indicators.

The latest projection for existing homes sales for 2007 is 5.7 million, and although not near the record settings boom of 2004 or 2005, it will still be in the top 5 years of sales on record.  So not such a miserable year as is being reported.  On top of this is an estimated 800,000 in new homes sales for 2007.  So unlike many reports being circulated the market is very much alive and there is a lot of successful buyers and sellers in the Real Estate market each week.

As well, mortgage rates remain affordable and readily available to those applicants with decent credit, and able to document assets and income.  Avg. rates this past week were at 6.19%

That's the real economic outlook for real estate, though not necessarily the one you get on network TV.

I AM AT YOUR SERVICE!