Skip to main content
#
The Trentini Team
my account
site map
contact
cart
our twitterour facebook page
Evansville  Real Estate - Homes For Sale | Indiana Realtors - Agents
Search Evansville & Newburgh, Indiana Properties
Featured Listings
Evansville Real Estate - Homes for Sale | Indiana REALTORŪ
Newburgh Real Estate - Homes for Sale | Indiana REALTORŪ
Relocating to Southwest Indiana?
Buying and Selling Southwest Indiana Homes
About The Trentini Team - F.C. Tucker Emge REALTORSŪ - Southwest Indiana REALTORŪ

Real Estate Blog
Latest Posts
Categories

 Real Estate Blog 
Wednesday, March 30 2011

Pending home sales increased in February but with notable regional variations, according to the NATIONAL ASSOCIATION OF REALTORS®.

NAR’s Pending Home Sales Index, which measures the number of homes under contract to sell, but not yet closed, rose 2.1% in February.

NAR Chief Economist Lawrence Yun says February’s rise is part of a longer upward trend. “Month-to-month movements can be instructive, but in this uneven recovery it’s important to look at the longer-term performance,” he said. “Pending home sales have trended up very nicely since bottoming out last June, even with periodic monthly declines. Contract activity is now 20% above the low point immediately following expiration of the home buyer tax credit.”

Yun notes there could have been some weather impact in the February data. “All of the regions saw gains except for the Northeast, where unusually bad winter weather may have curtailed some shopping and contract activity.”

The PHSI in the Northeast fell 10.9% in February and is 18.4% below a year ago. In the Midwest, the index rose 4.0% in February but is 15.9% below February 2010. Pending home sales in the South increased 2.7% but are 5.3% below a year ago. In the West, the index rose 7.0% and is 0.6% higher than February 2010.

“We may not see notable gains in existing-home sales in the near term, but they’re expected to rise 5% to 10% this year with the economic recovery, job creation, and excellent affordability conditions providing confidence to buyers who’ve been on the sidelines,” Yun said.

Source: NAR



Read more: http://www.houselogic.com/news/articles/february-pending-home-sales-rise/#ixzz1HvSDzHbV
Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  Email

The Trentini Team
F.C. Tucker EMGE REALTORS®
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234
Email: Rolando@RolandoTrentini.com


Accredited Buyer Representative

Equal Housing Opportunity

Multiple Listing Service?

REALTORŪ

 

Pro Step Marketing

PRIVACY POLICY
The Trentini Team is the sole owner of the information collected on this site. Neither The Trentini Team nor the team associates will sell, share, or rent this confidential information to others. Your privacy is the primary issue for The Trentini Team. 

CONTACT POLICY
By submitting personal information such as name, address, phone number, email address and/or additional data, the real estate client/prospect consents that The Trentini Team or their authorized representative may contact client/prospect by phone, U.S. Postal System, or e-mail whether or not client/prospect is participating in a state, federal or other "do not contact" program of any type.
 
 
Copyright© 2007 The Trentini Team, REALTOR®, All Rights Reserved.
Site Powered By
    prostepmarketing.com
    Online web site design