2012 Spring Home Sales Expected to Reach Highest in 5 Years

March 29, 2012 by Kenneth Cox · Leave a Comment 

2012 Spring Home Sales Expected to Reach Highest in 5 Years

February 2012 Pending Home Sales

February 2012 Pending Home Sales

Recent reports from NAR predict 2012 will be a year of recovery.  Lawerence Yun, chief economist for NAR, recently reported home sales could reach record highs in 2012 rising 7-10 percent. “ “If activity is sustained near present levels, existing-home sales will see their best performance in five years. Based on all of the factors in the current market, that’s what we’re expecting with sales rising 7 to 10 percent in 2012.”  NAR reports February pending homes sales are up 9% over February 2011.

February 2012 Pending Home Sales up 9% over 2011

Moe Veissi, president of NAR, recently interviewed with Larry Morgan on Newsmakers XM radio, and was cautiously optimistic on toward strong 2012 Spring home sales.  Moe Veissi 2012 Home Sales Interview Newsmakers

Real Estate Market in Dallas | Dallas Home Sales

For more information on the national real estate market or local real estate market in Dallas, please contact DFW Urban Realty.  Ask one of our Realtors  about the latest urban real estate news in Dallas, including market updates, new construction properties, and local trends on Dallas home sales.  DFW Urban Realty specializes in all types of Dallas real estate with focus on urban homes, new homes, townhomes, condos, lofts, high rises, and apartments.

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