Create a free account
Join Calaméo to publish and share documents with the world!
Rate and comment your favorite publications, download documents and share your readings with your friends.
May Bi-Monthly News-Part 1
5 pages
Published by
aamundson
Copyright :
All rights reserved
Bi-Monthly News
Pending Home Sales Rise,
Housing Affordability Near Record
Part 1 | May 2009
In this
Issue:
page 2
Legal Corner
page 3
May Birthdays &
Company Anniversaries
page 4
Super TIP!
Helpful TIPS
page 5
Up-Coming Events
Pending...
[More]
Bi-Monthly News
Pending Home Sales Rise,
Housing Affordability Near Record
Part 1 | May 2009
In this
Issue:
page 2
Legal Corner
page 3
May Birthdays &
Company Anniversaries
page 4
Super TIP!
Helpful TIPS
page 5
Up-Coming Events
Pending home sales rose with many first-time
buyers taking advantage of historically good housing
affordability conditions, according to the NAR®
.
The Pending Home Sales Index, an indicator based
on contracts signed in March, increased 3.
2 percent
to 84.
6 from a level of 82.
0 in February, and is 1.
1
percent higher than March 2008 when it was 83.
7.
Lawrence Yun, NAR®
chief economist, said it should
take a few months for the market to gain momentum.
“This increase could be the leading edge of first-time
buyers responding to very favorable affordability
conditions and an $8,000 tax credit, which increases
buying power even more in areas where special
programs allow buyers to use it as a downpayment,”
he said.
“We need several months of sustained
growth to
[Less]
Tags
affordability,
buyers,
family,
higher,
home,
housing,
income,
index,
march,
market,
monthly,
mortgage,
pending,
percent,
sales,
time,
year
