National Pending Home Sales Rise to Year and a Half High
It looks like the trend we're seeing in Denver Homes for Sale is taking place at a national level as well. As we've been reporting here, the number of buyers has been increasing for months. And while prices are only trending upward slightly, it is a very positive sign that the number of Under Contract and Pending homes for sale are increasing.
This article from AOL, gives a good summary of the national picture - cautious optimism:
The number of Americans who signed contracts to buy homes in November rose to the highest level in a year and a half.
The best reading on pending homes sales since a federal home-buying tax credit expired appeared to encourage traders on Wall Street.
Still, the National Association of Realtors cautioned that a growing number of buyers are canceling their contracts at the last minute, making the gauge less reliable.
The Realtors group said Thursday that its index of sales agreements jumped 7.3 percent last month to a reading of 100.1.
Always remember, that trends - no matter how positive or negative - should never be substituted for local data. Over the past couple of years, prices for Highlands Ranch homes for sale have remained fairly stable while nearby areas like Aurora and Arvada have been hit much harder. If you're considering a specific area, give us a call and we can run neighborhood specific date for you. You can reach our team at 303-726-1874.
Also, factors like foreclosures and short sales impact numbers dramatically. You can see all of the available Denver HUD homes on our website or for a list of recently sold HUD homes, give us a call.
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