NO, it doesn't! The National Association of Realtors released numbers that show that nationwide pending home sales increased 6.4% from July to August. While this is good news, there is more activity in the market and buyers are willing to take the leap and write offers, it doesn't mean that sales are improving. With so many buyers not being able to get financing ( a whopping 1/3 of all applicants) and short sales and the new appraisal process killing deals, the pending sales may not be closing. Let's wait and see larger increases in closed sales before getting too excited. The market has not recovered yet, and may not for several more quarters.
No comments:
Post a Comment