Pending Home Sales Rise Again! TWO straight months. Do I hear THREE?

Fantastic news out of Washington, D.C.! It was just a matter of time before we started to see some positive news and the fact that the pending home sales index has increased again for the 2^nd straight month is a hopeful indication of this. The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes.

I keep telling my leads and clients the same thing - there has never been a better time to buy! Below market values, extremely low mortgage rates and an $8,000 federal tax credit for 1^st time homebuyers from Uncle Sam to boot! We will need several months of sustained growth in order to stabilize this market, but for right now, I'm ecstatic that we've had 2 straight months of growth.

Go to this link to get the full scoop: http://www.realtor.org/press_room/news_releases/2009/05/march_phsi