lawrence yun: Pending Home Sales Rose in March Amid Limited Inventory
- 04/30/13 01:17 AM
Pending home sales saw a small rise from February to March according to the Pending Home Sales Index, although limited inventory is forcing contract activity to taper off. The Pending Home Sales Index rose from 104.1 in February to 105.7 in March, a gain of 1.5 percent from the downwardly revised numbers heading in to the month. This also represents a seven percent increase in the annual basis, and making it the 23rd consecutive month that pending sales have risen above their year before figures. While the Pending Homes Sales Index shows an increase in contract levels, the effect is beginning to slow, … (0 comments)
lawrence yun: Housing Market Optimism Continues to 2014
- 11/14/12 10:33 PM
The 2012 Realtors® Conference and Expo took place over the last weekend, and the stories emerging forth from it seem to indicate that we can expect to continue to see improvements in both pricing and development in the housing market.Specifically, Chief Economist of the National Association of Realtors® Lawrence Yun stated that “Existing-home sales, new-home sales and housing starts are all recording notable gains this year in contrast with suppressed activity in the previous four years, and all of the major home price measures are showing sustained increases.”Expectations for the national median of existing home prices is expected to rise a … (0 comments)
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