WASHINGTON (February 27, 2013) – Pending home sales rose in January, and have been above year-ago levels for the past 21 months, according to the National Association of Realtors®. There were healthy monthly gains in all regions but the West, which is constrained by limited inventory but was slightly improved.
In the Midwest the pending home sales index increased 4.5 percent to 105.0 in January and is 17.7 percent above a year ago. This increase is do to affordable home prices and job growth.
Read the full January pending home sales article.
P.S. Spring is just around the corner! It is never too early to start your home search or get your home ready for the Spring market. This past year was the busiest year we had in home sales in 5 years. This year could be even better! There are large numbers of homes at below-market prices & the Interest rates are hovering around 3.5% !! Contact me for details today!
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