Pending Home Sales Post Big Gain

Author: Rich Barnhart

Author: Rich Barnhart

In a report released December 2, 2010 by the National Association of REALTORS® pending home sales post big gains. Highlights include:

  • Strong 10% gain higher than expected despite expiration of tax credit
  • Mortgage rates stay low, but credit still too tight
  • Multifamily improving – rental rates up, vacancies down

Blog Author:

Rich Barnhart

Rich is the broker and owner of By The Sea Realty and a frequent contributor to the company's real estate blog.

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