Existing National Home Sales See Positive Activity
Posted by Richard Soto on
It looks as if the National Association of Realtors (NAR) has some positive news to share: Existing home sales are predicted to increase 7 to 10 percent in 2012, which will be the highest level in five years. The NAR made this prediction after experiencing an “uneven but higher sales pattern” the first few months of this year.
The NAR predicts that existing home sales will total 4.65 million in 2012; that’s an increase of 9.1 percent from 2011.
Although pending homes sales fell about one-half percent from January to February, overall sales were up 9.2 from the same time a year ago, according to the NAR’s Pending Home Sales Index. Existing homes sales are enjoying the same kind of increase, as they were up 8.8 percent during the same time. Pending…
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