October 2011 Pending Home Sales Rise 10.4% According to NAR Housing Market Report

December 7, 2011 by · Leave a Comment 

October 2011 Pending Home Sales Rise 10.4%

The National Association of Realtors recently reported pending homes sales for October 2011 rose 10.4% from September 2011, a 9.2% increase over October 2010.  Lawrence Yun attributes the recent jump in pending home sales to home buyers that have been sitting on the fence, but are now moving forward and taking advantage of record low interest rates.  Yun also confirmed that declining inventory is yet another healthy sign for the housing market.  The housing market for now seems to be heading in the right direction with positive reports indicating an increase in consumer confidence.

To read the full article on NAR’s recent press release, visit Pending Home Sales Jump in October

Dallas Real Estate Market

For more information on current housing market conditions including recent reports and articles, please contact one of our Dallas Realtors.  DFW Urban Realty specializes in Dallas Real Estate and Fort Worth Real Estate.  Our agents assist with buying, selling, and renting homes, new homes, townhomes, condos, lofts, high rises, and apartments throughout the DFW real estate market.

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