National Association of Realtors released its latest pending home sales index figure last week,
and for the second month in a row the index is UP.
So what does that mean to you?
Let me connect the dots for you....
The index is up, but even more telling than that, the index has broken 100.
The only time since the housing boom collapsed that the index has broken 100 is when the home owner tax credit was in effect.
SO THAT MEANS that the index has returned to that level a year since the credit has been in effect means the housing market is strengthening completely on its own, without any stimulus. NICE.
And that's not all...
Not only are home sales up, but housing starts are up.
Even home prices are stabilizing in many markets and even heading up in some.
Fantastic news! If you are interested in more information on our Myrtle Beach Real Estate market, contact BRG at 843-424-6900 today!
