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News & Information: Real Estate News

Nation's pending sales up 7 percent

Thursday, February 7, 2013  
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The nation's pending sales tally for December 2012 is 6.9 percent higher than a year ago, according to the National Association of REALTORS®.

Lawrence Yun , NAR chief economist, says there is an uneven uptrend. "The supply limitation appears to be the main factor holding back contract signings in the past month. Still, contract activity has risen for 20 straight months on a year-over-year basis," he says. "Buyer interest remains solid, as evidenced by a separate REALTOR® survey which shows that buyer foot traffic is easily outpacing seller traffic."

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