Turning the Corner

According to Realty Times, pending sales are way up! It seems we may be seeing the light at the end of the tunnel. These new numbers should only improve as first time buyers may start to take advantage of the $7500 tax credit. I have been sending this information to every renter I can find, as I am sure most are not aware this is available to them. From the Realty Times:

On a national basis, the index jumped by 5.3 percent last month. But more importantly, it rose in every region of the country, suggesting that the turnaround underway is broad-based -- even if it's likely to proceed slowly and modestly in the months immediately ahead.

The index -- which measures signed sale contracts that haven't yet gone to closing -- is a leading indicator of home sales for the coming two to three months. You can bet on solid increases in sales in the South, where the index was up by 9.3 percent, and in the West, up by 4.6 percent. Pending sales in the Northeast states were up by 3.4 percent and in the Midwest by 1.3 percent.