Higher Home Prices Ahead, Says The Pending Home Sales Index
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
The housing market continues to steam forward. As reported by the National Association of Realtors®, the Pending Home Sales Index posted its 8th consecutive monthly gain in September. It's the longest winning streak in the history of the index and Pending Home Sales are now at their highest levels since December 2006. A Pending Home Sale is a home under contract to sell, but not yet closed. It's the precursor to an Existing Home Sale. Trade group data shows that nearly 80 percent of "pending" homes close within 2 months. The majority of those remaining close within months 3 and 4. When the Pending Home Sales Index rises, it tells us that........ Read the COMPLETE BLOG HERE: Higher Home Prices Ahead, Says The Pending Home Sales Index ------------------------------------------------ ...
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