Home Radio Segments Real Estate Round-up Pending Home Sales at 9-Year High

Pending Home Sales at 9-Year High

Terry Story

With Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL

Pending home sales hit their highest mark in nine years and that’s a good thing, because pending home sales is a forward looking indicator on signed contracts – so things are looking up for the housing market with U.S. consumers buying homes… and this reflects a deeper reality – that Americans are increasingly comfortable with their long-term employment prospects and are bullish about where the economy is headed. But rising home sales have other implications, such as more competition for the few homes in the market and rising prices – which is great for sellers but not so good for buyers.

And, in the Real Estate Roundup section, Terry answers questions related to renters living in homes that are going into foreclosure – their rights, their options and what the law says in such matters. More importantly, find out what you should do before you rent so you don’t face rental problems down the road. And gives us a 3-part checklist on what sellers need to do before they put their homes up for sale.