Friday, November 9, 2012

Jobs, Rising Rents Help Pending Sales Inch Up

Jobs, Rising Rents Help Pending Sales Inch Up


NAR’s forward-looking pending home sales index showed a very small rise in September, just 0.3 percent, but it’s one more data point to suggest the recovery is solidly underway even if it remains modest. The rise represents the latest in a string of about half a dozen months in which pending sales have moved in a very narrow band, and that’s really what’s most informative about the latest release: it suggests that the underlying factors in the improved market are systemic and not due to just one or two transient factors. To Watch the video click on link: Affordable Utah Housing

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