PENDING HOME SALES RISE 6.7 PERCENT IN APRIL

Posted on: June 2, 2009

The National Association of Realtors reported Tuesday its index of sales contracts signed jumped 6.7 percent, far exceeding analysis’ forecasts. It was the biggest monthly gain since October 2001. See the article here.

Our numbers certainly reflect what the National Association of Realtors have reported. Elfant Wissahickon agents have been busy for the last few months writing offers on properties. We have seen a marked increase in pending sales since mid March. The factors behind this surge include the First Time Home Buyers Tax Credit and favorable interest rates and home values. These factors combine to make it a great time to invest in real estate.

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Posted by Paul Walsh