Pending Home Sales On The Rise

Pent-up demand could finally be working its way through the market. Pending home sales rose sharply in October according to the National Association of Realtors. The latest statistics reveal that contract signings rose 10.4 percent for the month and are now 9.4 percent above 2010 levels. This is an encouraging sign that pent up consumer demand building over  the past several years could finally translate into meaningful  improvement for the housing market. The driving force behind this improvement increased affordability, from record low mortgage rates and downward pressure on pricing. Read more Click Here