RealtyBizNews - Real Estate Marketing and Beyond
Real Estate Marketing & Beyond
Home » Realtors » Real Estate Agents » Brokerage » NAR Reports Pending Home Sales Index Up Regionally

NAR Reports Pending Home Sales Index Up Regionally

By Al Twitty | December 30, 2012
  • Lawrence Yun

    In a release from the National Association or Realtors, November demand in the Northeast and West has apparently driven home sales for the month to the highest level in almost three years. Pending home sales grew by 1.7 percent  during the month, up almost 10 percent over the previous year numbers.

    According to NAR's Pending Home Sales Index, pending home sales have now posted annual increases for the last 19 months consecutively. Lawrence Yun (left) , NAR's Chief Economist, offered this comment via the release:

    "Even with market frictions related to the mortgage process, home contract activity continues to improve. Home sales are recovering now based solely on fundamental demand and favorable affordability conditions."

    Furthermore, the NAR projects that existing-home sales will rise between 8 to 9 percent for 2013.

    The Pending Home Sales Index is based on a huge national sample, which represents about one fifth of all transactions for existing home sales. Existing-home sales for December are to be announced January 28; release times are 10:00 a.m. EST.

    The video below from NAR offers more details.

  • Advertise with RealtyBizNews - Media Kit
  • real estate digital marketing
  • Get Free Digital Marketing Training
    right to your inbox
    All Contents © Copyright RealtyBizNews · All Rights Reserved. 2016-2022
    Website Designed by Swaydesign.
    linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram