Signed Real Estate Contracts Inch Up In December

The number of people who have signed real estate contracts (pending sales) to purchase a home has increased or inched up in December which is an increase of 9 of the last 10 months. According to the National Association of Realtors seasonally adjusted index of sales agreements rose 1 percent form November to December.



This increase was a little bit lower than analysts expected.



The real estate industry is hoping the recovery will continue, If the trend is up now it sets the stage for the season opening in spring. The challenge is the high unemployment, raising foreclosures and tight lending standards.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

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Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!