Tuesday, February 03, 2009

Pending home sales rebound, up 6.3%

Some more good data for the housing market as people are responding to low interest rates and deals on homes. We have seen a definite uptick in buyer activity here in Steamboat over the last month and a half too. Give me a call if you would like more insight into the Steamboat market and the opportunities the current market presents.

Pending home sales rebound

2-3-09 WASHINGTON (Reuters) – Pending sales of existing U.S. homes rebounded in December, data showed on Tuesday, as buyers waded back into the market to take advantage of lower prices and mortgage interest rates.

The National Association of Realtors Pending Home Sales Index, based on contracts signed in December, surged 6.3 percent to 87.7, rising for the first time since August. Compared with the same period a year-ago, pending homes sale were up 2.1 percent in December.

Economists polled by Reuters had forecast pending home sales to be flat in December. November's pending home sales index was revised up to 82.5.

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