Home buyer demand improved in January with the number of pending home sales (based on contract signings) climbing to a level not seen since August 2013, the National Association of REALTORS® (NAR) announced today. NAR’s Pending Home Sales Index rose to 104.2 in January. Watch a new NAR video with Lawrence Yun, chief economist for NAR.
“Contract activity is convincingly up compared to a year ago despite comparable inventory levels. The difference this year is the positive factors supporting stronger sales, such as slightly improving credit conditions, more jobs and slower price growth.” — Lawrence Yun.
In other headlines:
Nearly 80% of Housing Markets Are Stabilizing – Daily Real Estate News