Currently viewing the category: "Pending Home Sales"

After the first time home buyer tax credit expired last year, home sales dropped as would be expected.

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After a strong run to close out 2010, the market for home resales softened a bit in January.

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Pending Home Sales Higher Again

On February 1, 2011 By

And then the bad part…it’s also tied to the economy. Mortgage rates get their direction, in a large part, from the overall economy. As mortgage rates move higher, home affordability goes lower. Coupled with rising home demand, your dollar won’t buy as much in the second half of 2011 if these trends hold true.

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Another day, another strong report for housing. The Pending Home Sales Index climbed 2 percent in December, according to the National Association of REALTORS®

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Barring any massive changes, housing looks as healthy as it has in quite a few years.

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The housing market continues to expand, and surprise.

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Low mortgage rates and low home prices have spurred buyers back into action. A “pending home sale” is an existing home under contract to sell, but not yet closed.

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The Pending Home Sales Index surged 10 percent in October as low mortgage rates and low home prices spurred buyers into action. The market looks different today, however.

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So long as mortgage rates remain rock bottom, the autumn season is looking like a terrific time to buy.

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Overall, buyers are being drawn into housing by low mortgage rates, affordable homes, and ample supply. If the August Pending Home Sales Index is foreshadowing the fall housing market, home prices appear slated to rise.

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