Greeting neighbors,

It looks as if pending home sales are on the rise. According to NAR reports the pending home sales index showed a 3.7 increase based on contracts signed in October and showed an 31.8 increase compared to October 2008.

Out of the four regions of the country, three showed gains with the South having a 5.4 increase and a 31.6 increase compared to last year.

In spite of the current increases in pending home sales, it was also reported that home sales may decrease within the next few months due to the time frame of home owners actually looking for homes and actually closing on the sale. This decline is estimated to last from December to early Spring.

Looking for a new home, let us help, the zac team RE/MAX Greater Atlanta.