NAR: Home prices are firming

Real Estate News Blog Headline

Pending home sales rise

More good news! For the second week in a row, there has been an unexpected improvement in the real estate market. Today, the National Association of Realtors (NAR) reported that its Pending Home Sales Index, based on contracts signed in December, rose 6.3 percent. It had been projected that pending sales would fall.

"The monthly gain in pending home sales, spurred by buyers responding to lower home prices and mortgage interest rates, more than offset an index decline in the previous month," said Lawrence Yun, chief economist for NAR. "The biggest gains were in areas with the biggest improvements in affordability."

Posted: February 3, 2009

More Real Estate Blog: This week | Previous | Search archive

	Your Contact Information (Please complete all fields)
	First Name: Last Name: Daytime Phone: Evening Phone: Fax:		E-Mail: Street Address: City: State: Zip Code:

Comments:

To make sure that we send you the right information to help you with your current plans, please indicate:

If you are planning to move in the next 6 months or less, you will need to organize yourself quickly. Please select Report #1.
If you think you will move after the next 6 months, there are a greater number of issues you can address. Please order Report #2.

Report:


	Our office: RE/MAX REALTY CENTRE 3300 Olney-Sandy Spring Road Olney, Maryland 20832 301-774-5900

© Copyright MarylandSuburbs.com \| Privacy Policy \| Site Map *Some restrictions do apply. See respective page for details