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DID YOU KNOW? ~ The "Negative" Projections Were WRONG! Home Sales Have Increased For The 2nd Week In A Row!

The "Negative" Projections Were Right WRONG!

More good news! For the second week in a row, there has been an unexpected improvement in the real estate market. Today, the National Association of Realtors (NAR) reported that its Pending Home Sales Index, based on contracts signed in December, rose 6.3 percent. It had been projected that pending sales would fall.

"The monthly gain in pending home sales, spurred by buyers responding to lower home prices and mortgage interest rates, more than offset an index decline in the previous month," said Lawrence Yun, chief economist for NAR. "The biggest gains were in areas with the biggest improvements in affordability."

Spread the good news!

Information courtesy of:

Weichert, Realtors (Marlboro ~ Manalapan office)

455 Route 9 South

Manalapan, NJ 07726

917-723-5645 - cell

732-536-4400, ext 199 - office

www.AmberLovesRealEstate.com

"Your Reliable Resource For NJ Real Estate & More"

Posted by AMBER NOBLE-GARLAND, CDPE - Manalapan, Marlboro, Freehold & beyond Realtor on 02/03/2009 11:54 PM

Comments (1)

DID YOU KNOW? ~ the Projections Were WRONG! Home Sales Have Increased for the 2nd Week in a Row! in the Regional (Localism) Channel

national association of realtors, nar, pending home sale index, real estate market, manalapan realtor, marlboro nj, freehold real estate, weichert

Originally posted at: YOUR Marlboro, Manalapan, Freehold Real Estate, Local Info & More Blog! by AMBER NOBLE-GARLAND: DID YOU KNOW? ~ The "Negative" Projections Were WRONG! Home Sales Have Increased For The 2nd Week In A Row!

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1 Comments on DID YOU KNOW? ~ The "Negative" Projections Were WRONG! Home Sales Have Increased For The 2nd Week In A Row!

FEB

Amber,

Thank you for spreading the good news. I will do my part and pass it on as well.

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