The South Coast Real Estate Round-Up

New Pending Home Sales Data Could Be Good News For Local Buyers

September 28th, 2018 2:03 PM by Christopher Terry

NAR Chief Economist Lawrence Yun
 NAR, the National Association of Realtors┬«, has released its pending home sales for August 2018. The pending home sales index is a leading indicator of housing activity. It measures housing contract activity, and is based on signed real estate agreements for existing single family homes condominiums and co-ops. Because a home goes under agreement a month or more before it closes the pending home sales index generally leads existing home sales by a month or more. 

CLICK HERE ??for NAR's press release.

What is interesting is that for our area Yun noted that year-over-year increases in active listings from data at shows the Providence-Warwick, RI-Mass is one of 5 areas across the county that saw some of the largest increase in active listings compared to a year ago. Simply put, if you are in the market to become a homeowner you have had more options this year compared to last. 
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With more inventory and opportunities getting better for home buyers is now the right time to get into the market? The idea of becoming a homeowner is exciting and can be a giant undertaking. If you are like most people, you'll probably want some advice along the way. Not everyone with a real estate license is equally equipped to help you find the right home, at the right price for you and your family. Our dedication to you and your understanding of the home ownership process sets us apart. We offer a FREE, No Obligation Home Buyer Consultation, during which you will discover every step of the process, different financing options and home buying programs that may be available to you, a real time technology program that puts the latest real estate listing updates in the palm of your hand and much more! 
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Posted by Christopher Terry on September 28th, 2018 2:03 PM


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