Real Estate Sales are Headed in the Right Direction!
Pending home sales in July reached the highest mark in 2 years. and closed sales also continued in an upward trend
As a result inventories are tightening In June there were 3.8 million properties for sale as opposed to 4.5 million properties for sale the previous year
Durable goods are up, the stock market has made a nice comeback... good indications about the ecoomy!
Thanks to these promising signs, the chief economist for the National Association of Realtors has forecast higher home sales and stabilizing prices in the year ahead.
Despite some other factors that could delay a complete recovery, we have reason to be confidant.. WIth home sales heading up and inventories shrinking, prices are stabalizing' These are the key factors needed for housing to lead the ecoomy into growth mode. Once that happens, jobs will follow!!