Karen Rychlik's (karenrychlik) Blog

On September 22nd the First Multiple Listing Service reported the following: 1)      Last month's report predicted that August's closed sales of single family homes would exceed those of August 2008 resulting in the second month in a row of increased sales.  Unfortunately, August's closed sales f...

Per an article by Lawrence Yun, chief economist of the National Association of Realtors, inventories are tightening as a result of pending home sales in July reaching their highest mark in two years.  Closed sales continuing on an upward path also contributes to the tightening of inventories.  Th...