ShirLee's Homes4SaleUtah BLOG

ShirLee McGarry's Homes4SaleUtah BLOG, features great articles for consumers, homeowners and Realtors® addressing community, local, state and national real estate news. Articles also include refreshing humor to encourage smiles and support for all real estate warriors in the trenches who do stand out to make a difference in their client's lives in the exciting and challenging world of the Realtor®. Penned by Associate Broker-Realtor®,and Registered Author, ShirLee McGarry® with RealtyPath in Sandy, Utah

Tuesday, March 27, 2012

Existing Home Sale Projection...

National Association of Realtors Pending Home Sales Report

March 26, 2012

The number of U.S. home buyers who signed contracts to purchase previously owned homes fell slightly in February, a reminder that the housing market’s recovery remains uneven.

The National Association of Realtors’ seasonally adjusted index for pending sales of existing homes decreased 0.5% on a monthly basis to 96.5. The results were 9.2% above the same month a year earlier.
Despite the small decrease for February, the Realtors’ top economist said the market is showing new signs of life.

“The spring home buying season looks bright because of an elevated level of contract offers so far this year,” said Lawrence Yun, the Realtors’ chief economist. “If activity is sustained near present levels, existing-home sales will see their best performance in five years.”