Home Sales

Pending Home Sales have increased for the second consecutive month according to the National Association of Realtors.  It is thought that this is an indicator of what is to come over the next few months.  Increase is being attributed to the continued low interest rates.  Still the creation of jobs  and consumer confidence is the real key to getting the housing market into a more robust recovery.  One of the caveats that is mentioned is the concern that interest rates may rise, and therefore could slow a housing recovery.

Full Article:  http://www.realtor.org/press_room/news_releases/2010/10/pending_show

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Marlene Goldstein
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