Pending home sales rebounded last month, hitting high levels, according to The National Association Of Realtors. The Pending Home Sales Index is an indicator based on signed contracts, surging 5.5 % to 112.3 in February.
Last month the sales index dropped, but buyers came back in force, as the seasonal sales increased throughout the country,
As the stock market continues to rise, with hiring, and a interest in home purchases. As some may delay their home search, due to higher interest rates. it is also kick-starting prospective buyer's to house hunt. The healthy labor market is translating to better job security, bringing buyer's to the forefront. There is new and existing inventory on the market to date.
NAR believes that existing home sales up to 5.57 million this year, up from 2016. The national median home price is expected to rise 4% up from last year's 3.8%.
There is also many programs available through lenders that may increase the surge of new buyer's in the marketplace. With most sales asking for a pre qualification letter to accompany contract sales. It is good to get with your lender, and ask about these programs and other programs that may be available in the purchase of the home.
Now is a good time to purchase, and invest in a new home.
Author:Mary Ganci Phone: 516-361-9199 Dated: April 2nd 2017 Views: 191 About Mary: ...
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