NAR released its latest pending home sales index figure last week and for the second month in a row the index is up. But more than that, the index has broken 100. This is significant because the only time since the housing boom collapsed that the index has broken 100 is when the home owner tax credit was in effect. The fact that the index has returned to that level a year since the credit has been in effect means the housing market is strengthening completely on its own, without any stimulus.
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The Rochelle Allison Real Estate Team assists clients w/ buying, investing & selling in the Twin Cities area. We specialize in Short Sales and traditional listings, as well as buyers. Se habla Espanol
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