Pending Home Sales Hit 18 Month High

Pending-Home-Sales-Janury-20151The National Association of Realtors reported that pending sales hit an 18 month high in January.  Pending sales, a forward-looking indicator based on signed contracts, rose 1.7% month-to-month and is 8.4% higher than it was a year ago.  This is the fifth straight month of year-over-over gains, and the gains are increasing.  “Contract activity is convincingly up compared to a year ago despite comparable inventory levels,” said NAR chief economist Lawrence Yun.  “The difference this year is the positive factors supporting stronger sales, such as slightly improving credit conditions, more jobs and slower price growth.” 

Epic Development is currently building in Brookhaven, Grant Park, Old Fourth Ward, Ormewood Park, Reynoldstown, Riverside and Sandy Springs.  View all the details of our current listings here. For more information about our homes, contact Scott Eaves at (404) 518-3820 or scott@epicdevelopment.com.

2017-08-29T17:44:17+00:00 March 4th, 2015|Economic News|