Stacie Hartman

The Mortgage Blog of Stacie Hartman

Pending Home Sales Up For Third Straight Month

Buyers looking to capitalize on federal tax incentives sent pending home sales to their highest level since October. According to The National Association of Realtors, pending home sales were up 6 percent in April and 22.4 percent higher than last year. Lawrence Yun, NAR’s chief economist, said the home buyer tax credit brought nearly one million additional buyers into the market and feels housing is now in good position to return to sustainable levels even without government stimulus. More here, here, and here.

Advertisements

Filed under: Uncategorized, , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: