sales: Pending Home Sales Drop as Expected - 07/01/10 03:07 PM
Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract, according to the NATIONAL ASSOCIATION OF REALTORS®.
The Pending Home Sales Index, a forward-looking indicator, dropped 30.0 percent to 77.6 based on contracts signed in May from a reading of 110.9 in April, and is 15.9 percent below May 2009 when it was 92.3. The falloff comes on the heels of three strong monthly gains as home buyers rushed to take advantage of the tax credit.
The data reflects contracts and not closings, … (3 comments)

 
Will Nesbitt, Nesbitt Realty is a family-run brokerage. (Nesbitt Realty at Condo Alexandria) Rainmaker large

Will Nesbitt

Nesbitt Realty is a family-run brokerage.

Alexandria, VA

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Nesbitt Realty at Condo Alexandria

Address: 1451 Belle Haven Rd, Ste 222, Alexandria, VA, 22307

Office: (703) 765-0300

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Neighborhood notes, local features and tips for buyers, sellers, renters and landlords in Northern Virginia especially Alexandria, Arlington, Fairfax and Falls Church. Including fast and free property search tools.


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