Tagged : statistics
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Thursday, January 5th, 2012 at 12:46pm. 975 Views, 13 Comments.
With the new year comes promising data that indicates home sales are on the upswing for the second straight month. According to the National Association of Realtors, the home sale index has passed 100 and pending home sales have reached the highest level in 19 months.
The only time the home sale index passed 100 since the collapse of the housing boom was when the home owner tax credit was in effect. The natural growth of the market without any external factors such as a stimulous shows that the real estate market is gaining momentum and growing strong. The organic power propelling the increase in home sales comes from many different factors, including homes being even more affordable, consumer confidence increasing, job conditions stabilizing,…