Hi Everyone,
My Regional Manager just sent this out. Hang in there! Things are improving!
Please see below, which is an excerpt from the Mortgage Banking Assoc.’s daily newsletter.
Pending Sales of Homes Up 7.4 Percent, Highest in 13 Months
Toledo Blade (OH) (10/09/08)
The beleaguered housing market received a piece of sorely needed good news, as the National Association of Realtors reported an unexpected jump in pending home sales in August compared to July. The group's monthly index reading of 93.4--the highest number in more than a year--was up 7.4 percent from July and up 8.8 percent from August 2007. Pending sales, which refer to home contracts that have not yet closed, typically result in a sale one to two months later. The numbers were higher across the United States, with the West posting a gain of 18.4 percent, the Northeast settling 8.4 percent higher, the Midwest weighing in 3.6 percent higher and the South up 2.3 percent.
Best,
Adriana Steel
Realtor/ W.C. & A.N. Miller Realtors (A Long and Foster Co.)
Cell: 240-793-1791
Office: 202-966-1400 ex:3335
adriana@LNF.com
www.adrianasteel.lnfre.com
Oh by the way ......... I'm never too busy for you or your referals!
;)
;)
San Diego home sales were up for the third consecutive month. Prices continue to fall, but that's actually good for San Diego since real estate costs so much to begin with. A little over 25% of San Diegans can now afford a home, up from a mere 9% a couple of years ago.