Thursday, August 29, 2013
Pending July Homes Sales-Video
From the lips of our lead economist at the National Realtor Association to your ears, a discussion on July Pending sales.
As you will hear, the 2nd month pending sale decline is not of great concern as the 6 month trend is better than any time since 2006.
In addition, the general strength of the market is so positive that the temporary reduction in activity due to higher interest rates is not anything to worry about. As the discussion notes, the shortage of housing inventory will continue though higher interest rates may slow inventory turn down a bit.
Great discussion...don't miss out
July Pending Home Sales