Although the economy is seeing some slow signs of improvement, there is still far to go. For those trying to buy or sell a home and for real estate professionals, the improvement is welcome news. A recent article found on RISMedia.com, "Pending Home Sales Continue Uptrend", says that "The Pending Home Sales Index, a forward-looking indicator, increased 2.0% to 93.7 based on contracts signed in December from a downwardly revised 91.9 in November. The index is 4.2% below the 97.8 mark in December 2009. The data reflects contracts and not closings, which normally occur with a lag time of one or two months."
The improvement of the PHSI in attributed partially to more jobs and improved economy, which are giving buyers better conditions with which to purchase an affordable home.
To read the original article on RSIMedia.com, "Pending Home Sales Continue Uptrend", click here.
To buy or sell your Broken Arrow, OK area home, contact Kelly Howard, McGraw Realtors, 918-230-6341 or www.kellyhowardhomes.com.
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