Pending Homes Sales Gain For The 7th Straight Month!
It has to be said that recently – I was actually scared for the real estate market. I was shaking in my boots forever and I did not think that it was ever going to recover but I have to tell you. Pending homes sales are gaining for the seventh straight month and for any realtor, that is like music to our ears.
The reason for the gain in commitment from home buyers? The tax credit. While the tax credit might be ending next month, there are still the low, low mortgage rates that are being offered up and I have to say that pending home sales are actually a forward-looking indicator that the housing market is in recovery!
If you are in the real estate market, you know how hard it has been – keep your chin up though, I can promise that it is going to get better!