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According to the NAR (National Associationof Realtors) June shed a glimmer of hope on home sales with an unexpected rise in pending home sales.
The full details can be found on Yahoo News at: http://news.yahoo.com/s/ap/20080807/ap_on_bi_ge/pending_home_sales.
Will the trend continue? It's hard to say, if it resembles the rollercoaster ride we've been on we won't know until we see July's numbers at the end of August due to the lag in reporting.
Langston and Associates shows that listing inventory has risen by 3% through July 28th. With sales down 20% over the last two weeks in July.
To request more specific information on your area please visit my website at www.BrianBrumpton.com.
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