Hopeful Signs in the Housing Market

Housing Market Improvement

The National Association of Realtors released a report today on adjusted pending home sales. Pending home sales are when people enter into contracts to purchase homes. The good news is that this figure increased 3.3% from the prior month, unfortunately, the index itself was down 2.1% from the same period a year ago.

On a regional basis, the pending home sales increased in the South and in the West, though the index for both regions remains below its levels seen in July 2013. Read more