Pending sales in Livermore highest in over a year
Pending sales of existing U.S. homes rose above analysts' expectations in February, data from a real estate trade group showed on Tuesday, a signal that the housing sector may be stabilizing.
The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in February, rose 0.7 percent to 109.3 from a downwardly revised 108.5 in January.
Wall Street analysts polled ahead of the report were expecting the index to come in at 108.2.
The stronger-than-expected data helped boost Wall Street stocks and sparked gains among shares of home builders.
Livermore in particular currently has 120 homes pending compared to only 346 houses on the market in Livermore. This coupled with the above news is a great indicator that we might get out of the woods before dark, and make it home for dinner. Expect this news to raise confidence in home buyers (especially first time home buyers) and we might possibly see a rise in Livermore real estate and surrounding areas as well.
5 Comments:
Things in livermore are heating up again....I love it, your blogs are informative and hilarious keep them up......are you the Realtor next to Trader Joes with all the Hummers?
Larry White
I see your signs everywhere, does it makes sense to choose a Realtor that has som many listings? How will you devote as much time to my listing as say someone that has one listing? Livermore seems to be the bulk of your discussions coupled with National news, do you ever write on place like Navato?
Rebecca Dastner
Interesting comments. I am a Livermore Realtor, therefore I like to command the market I represent coupled with concrete key economic factors. If you want to go with an agent that has one listing I encourage it to help out my fellow Realtors......Thanks
Chris Greenman
I read your Livermore real estate blog every week, thank you so much for the inside information. Your the type of Realtor that make the industry look great and respectable as well :).
Tim O keef
V.P. Sales Form Factor
Thanks Chris for your continous hard work and outstanding knowledge as a realtor, "The Best in the Business" thats why we're on our way too owning half of this beautiful town, of Livermore. Thanks again Chris.
Joe Ible
Limestone Creations
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