Nevada City Virtual Tour

Friday, September 7, 2012

July Pending Home Sales highest level in over two years



July Pending Home Sales Rebound

 

 Pending home sales rose in July to the highest level in over two years and remain well above year-ago levels, according to the National Association of REALTORS®.
 
The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 2.4 percent to 101.7 in July from 99.3 in June and is 12.4 percent above July 2011 when it was 90.5.
 
Existing-home sales are projected to rise 8 to 9 percent in 2012, followed by another 7 to 8 percent gain in 2013. Home prices are expected to increase 10 percent cumulatively over the next two years.


Gary Tippner is Short Sale and Foreclosure Resource Certified
Relocation Specialist ~ Luxury Specialist ~ Investor Advisor

Call 1-877-311-GARY
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