Stacie Hartman

The Mortgage Blog of Stacie Hartman

Pending Home Sales Jump Unexpectedly

Pending home sales rose 8.2 percent in February, according to the National Association of Realtors. NAR’s chief economist, Lawrence Yun, said the improvement was a hopeful sign and may signal the early stages of a second surge of home sales this spring, adding that March’s data may demonstrate additional improvement because of the home-buyer tax credit’s April 30 expiration date. Anecdotal evidence suggests the $8,000 tax credit for first-time buyers has been more successful than the $6,500 credit offered to repeat buyers. More here and here.

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