Pending Home Sales Increase

Just released this morning, pending home sales increase for 8th month in a row.  Pending home sales monitor the purchase of properties that go “under contract”.  The increase can be atributed greatly to the buyers trying to purchase before the expiration of the tax credit.  With the credit being extended, I would expect that the increase in pending home sales will continue.

For any questions, please feel free to e-mail me at jreynolds@urbanimg.com