2012 Home Sales: Positives on Many Fronts

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Real Estate Agent with Gloria Nilson Realtors, Real Living

NAR released its latest pending home sales index figure last week and for the second month in a row the index is up. But more than that, the index has broken 100. This is significant because the only time since the housing boom collapsed that the index has broken 100 is when the home owner tax credit was in effect. The fact that the index has returned to that level a year since the credit has been in effect means the housing market is strengthening completely on its own, without any stimulus.

Click here to view the video of NAR Chief Economist Lawrence Yun talking about what the latest figures mean.

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