RSS Facebook Twitter LinkedIn

Featured Advisor

Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

Click to see the full profile

Share |

Pending Home Sales Rise

Overall pending home sales rose 2.1 percent in February, though the Northeast saw a 10.9 percent drop in signed contracts probably due to severe weather in the region, the National Association of Realtors reported today.

The indicator rose to 90.8 in February from 88.9 in January, but is 8.2 percent below 98.9 recorded in February 2010.

“Pending home sales have trended up very nicely since bottoming out last June, even with periodic monthly declines,” said Lawrence Yun, chief economist for NAR. “We may not see notable gains in existing-home sales in the near term, but they’re expected to rise 5 to 10 percent this year with the economic recovery, job creation and excellent affordability conditions providing confidence to buyers who’ve been on the sidelines.”

Pending home sales declined 2.8 percent in January, the National Association of Realtors reported today.