Huge news on signed real estate contracts. Contracts to purchase previously owned U.S. homes matched a two-year high in May, fueling optimism the housing market is poised for a recovery. The National Association of Realtors said on Wednesday its Pending Home Sales Index, based on contracts signed last month, rose 5.9 percent to 101.1.
See the CNBC announcement at http://www.youtube.com/watch?v=u-2w1HIYWhc&feature=player_embedded
Most notable amongst the comments is the 14% increase for the Southwest US and thelow inventory that wil most certainly hamper the continuance of this pace. Homeowners who are considering the sale fo their home to make a downsize or relocation should seriously consider speaking with us today. Or visit http://www.FineHomesBrokers.com to see the activity report for your self. For even more focused news on the metro-Tucson market visit In Touch.
Meritage Homes and Lennar Homes have announced that they will begin building again in the Rancho Vistoso Boulevard area of Oro Valley. We recommend you always use a REALTOR to represent your best interests, even with new home construction. While the new home builder site representative provides information to home buyers, never forget that the site representative represents the builder and the builders best interests.