Pending home sales ticked up for the second month in a row in January, according to a new report from the National Association of Realtors. The figures suggest that the housing market may be starting to turn a corner after seeing interest rates increase.
According to the National Association of Realtors, pending home sales increased for the second straight month in January, rising 8.1% from December
Janurary marked the second consecutive month in which pending home sales increased, thanks to a bumper 8.1% rise from December according to data from the National Association of Realtors. This could well be a signal that the already-established housing market recovery is improving further, with buyers increasingly confident in the security of their investments. The steady demand for affordable properties and renewed consumer confidence have all combined to make this rebound seem likely to continue for some time yet.
The rise in pending sales is a good sign for the housing market, as it indicates that more buyers are interested in purchasing homes
The housing market is a hot topic of discussion these days, but there’s finally some good news to celebrate. Recent reports show that pending sales are on the rise, an indication that more buyers are actively searching for homes to purchase. This trend bodes well for the real estate industry and could be the start of an upward swing in the housing market. The increase in home buyers is also a sign that consumer confidence is growing, with people feeling comfortable enough in their financial stability to take on the burden of homeownership. As long as this trend continues, it could mean a bright future ahead for both property sellers and buyers alike.
Pending home sales are still down compared to last year, but the trend seems to be heading in the right direction
Although pending home sales are still at lower levels compared to the same time last year, there seems to be a glimmer of hope on the horizon. Analysts have reported that current sales numbers indicate a gradual upward trend in the market, and that buyers are beginning to become more confident in their decisions to purchase new homes. Additionally, interest rates remain low, helping incentivize potential buyers who may otherwise be hesitant to enter the real estate market. All of this taken together provides reason for some optimism going forward as we anticipate an overall rise in pending home sales throughout the remainder of 2021.
If you’re thinking of selling your home, now may be a good time to do so!
With the housing market hotter than ever, now is the perfect time to take advantage of all the potential it could bring for you by selling your home. Having a competitive market means that there’s an opportunity to sell quickly and at a higher than expected price, allowing you to make a greater return on your investment. This, along with low interest rates and additional incentives such as tax credits, makes now an especially ideal moment to consider selling. It can be tricky navigating the real estate world, but with some expert advice and patience, you’ll be able to find a buyer who is more than ready to take on your property.
Contact a real estate agent today to learn more about how you can take advantage of the current market conditions
Having the right real estate agent by your side can be a huge asset when it comes to navigating today’s market. Whether you’re ready to buy, sell, or just explore opportunities, it can be helpful to have an expert to lend their knowledge and advice as you make important decisions. A real estate agent knows the ins and outs of their local market and can help you understand what makes current trends unique so that you can make an informed decision for your future. Reach out to a trusted expert today and start taking advantage of the current market conditions.
*Information and Statistics from National Association of Realtors