The Real Estate Market is Moving...people are buying!

Accoring the the New Jersey Association of REALTORS, pending home sales are up for teh third consecutive month.

Record low mortgage interest rates boosted the NATIONAL ASSOCIATION OF REALTORS^®' (NAR) forward-looking pending home sales index 6.7 percent in April to 90.3 from 84.6 in March, 2009. April 2009 was 3.2 percent above April 2008. "Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market, too," says NAR Chief Economist Lawrence Yun. The index in the Northeast shot up 32.6 percent from March, 2009 to 78.9 in April, 2009.

For more information, read NAR's press release or watch a video interview of Lawrence Yun on the latest index figures.

Buyers should be out in droves with the sales prices down to afforadable levels and the mortgage rates still low. Let's not forget the $8,000 First Time Homebuyer tax credit. Buy now and don't utter the words "IF ONLY!" a few years down the road.