Pending home sales have gone up for three consecutive months. This reflects the broad impact of the home buyer tax credit and the affordability of houses, according to the NATIONAL ASSOCIATION OF REALTORS®.
Due to the sizable number of home buyers who responded to tax credit incentives, but may not be able close on their home purchase by the settlement deadline of June 30, NAR has asked Congress to provide flexibility on the deadline for closing.
Los Angeles Real Estate Update: Surge in Pending Home Sales Continues
Surge in Pending Home Sales Continues. Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the NATIONAL …
Publish Date: 06/03/2010 15:56
http://larealestateupdate.blogspot.com/2010/06/surge-in-pending-home-sales-continues.html
