Some interesting figures as Pending Homes Sales Head Back UP!
In this new market video update dated Feb. 2nd, 2010, Chief Economist Lawrence Yun talks about the current market as it relates to home sales, new home sales, the first time home buyer credit market data and his view of the job market and recession. With sales leveling from the market swing driven by the response of the first time home buyer tax credit at year end, we’re still looking at pending home sales headed in the right direction.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in December, increased 1.0 percent to 96.6 from 95.6 in November, and remains 10.9 percent above December 2008 when it was 87.1. In November, the monthly index had fallen by 16.4 percent from surging activity in preceding months. He stated that “December activity was the fifth highest monthly tally in two years.”
For more good news and a better understanding of what’s going on in the home-front, watch this latest video. And, when it comes to your local real estate market here in SHERWOOD OREGON and the surrounding areas contact Jason Gardner directly at 971.832.1234 to schedule a time to talk. He would be happy to give you his professional outlook on our local market trends and what your home would sell for RIGHT NOW in today’s market. It’s truly the best way to get the “Market Proof Pricing ©” and the priceless expertise you depend on from Sherwood’s #1 Realtor.
Visit www.SherwoodHouseValues.com to submit your real time market value request. Quick. Accurate. Free.
