Parsons Realty

Full Service - Low Flat Fee

  • Home
  • Real Estate Search
  • Buyers
  • Blog
  • Contact Us
You are here: Home / Blog / Home Sales Unexpectedly Jump From Last Month

Home Sales Unexpectedly Jump From Last Month

September 3, 2010 By Chris Parsons Leave a Comment

Pending Home SalesThe National Association of Realtors reported yesterday that the Pending Home Sales Index showed a 5.2% increase in Pending home sales from last month.  This was an unexpected jump, some analysts were expecting another monthly drop in home sales.

Despite the good news, National Association of Realtors chief economist Lawrence Yun cautioned that the recovery ahead will be a long process.

“Home sales will remain soft in the months ahead, but improved affordability conditions should help with a recovery,” Yun said. “But the recovery looks to be a long process. Homebuyers over the past year got a great deal [but] for those who bought at or near the peak several years ago, particularly in markets experiencing big bubbles, it may take over a decade to fully recover lost equity.”

Yun added, “Affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates, helped partly by the Fed’s very accommodative monetary policy. The loan underwriting standards are tighter, but home buyers can improve their chances of getting a loan by staying well within their budget.”

Filed Under: Blog Tagged With: real estate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

530-222-1818
1171 Hilltop Dr
Redding CA 96003

Latest News

  • The Five Most Expensive Homes For Sale In Redding, CA
  • Homes For Sale In Redding, CA Under $300,000
  • Redding Homes For Sale – Inventory Starting to Climb
  • Redding Weekly Real Estate Report: April 8 2013
  • Palo Cedro Home Sales – February 2013

Custom Home Search

  • Golf Course Homes
  • Homes with a Pool
  • Luxury Homes For Sale
  • Waterfront Properties

Subscribe

We have new properties coming. Get the latest updates delivered to your inbox in an easy to read email presentation. Imagine finding your next home tomorrow. It happens. Please subscribe below.

We respect and value your privacy. We will only deliver property updates to your email address.

Redding Properties

215 Listings
2851 Camulos Way, Redding, CA 96002

$340,000 3 beds  2 baths  1,622 sqft 2851 Camulos Way
Redding, CA 96002

IDX
2555 Western Oak Drive, Redding, CA 96002

$465,000 3 beds  2 baths  2,322 sqft 2555 Western Oak Drive
Redding, CA 96002

IDX
previous next

IDX MLS IDX Listing Disclosure © 2023

Information deemed reliable but not guaranteed.

Social Media

  • Facebook
  • Instagram

© Copyright 2023 Parsons Realty · Lic# 01312921 · All Rights Reserved · Powered by steelbridge.io