Wednesday, December 9, 2009

Real Estate Outlook Getting Better

The signs of rebound in the housing sector of the economy keep showing signs of improvement. Just this week the numbers came in showing pending home sales have risen again for the 9th consecutive month. A combination of very low mortgage rates, incentives for first time homebuyers and affordable housing prices are triggering purchases by people that have been renting and waiting to buy for a long time. Pending home sales, which are contracts that have been signed but closing has not yet occurred, can be one of the better indicators of future trends.

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