Home » Blog » News » Pending Home Sales Show Healthy Gain, Hint at Spring Surge

Pending Home Sales Show Healthy Gain, Hint at Spring Surge

(National Association of Realtors) Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains 17.3 percent above February 2009 when it was 83.2. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.

Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. “The rise in buyer contact activity may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten,” he said. “We need a second surge to meaningfully draw down inventory and definitively stabilize home values.”

Read The Whole Story at National Association of Realtors

Call me or e-mail me for any further information needed on the above.

Mario R. Espiñeira, Jr
Deco Truss® Company, Inc.
13980 SW 252 Street
Miami, Florida 33032

Email Us
Request a Quote for your Lumber and Truss needs

Deco Truss® is your #1 Roof Truss and Building Material Supplier in Miami, Florida.

We supply building materials and roof trusses throughout South Florida, the Florida Keys, and Florida’s West Coast and we export to the Caribbean including the Bahamas, Virgin Islands, Barbados, Dominican Republic, Puerto Rico, Saint Lucia, Trinidad and Tobago, Turks and Caicos, Jamiaca, Aruba, Cayman Islands and more

Deco Truss®’s dedication to Employees, Customers and Suppliers ensures that you receive the finest quality and service at the best possible price