The Perfect Storm
The perfect storm of low mortgage rates and high volumes of homes on the market have led to an increase in pending home sales. According to the National Association of Realtors (NAR), the Pending Homes Sales Index has increased 6.1% from April to May. Yet another positive sign of the times. A month-to-month increase of that magnitude has not been seen in over four years. Lawrence Yun, the chief economist of the NAR, expects improvements in the selling of houses on the market, stating- “Sales should exceed an annual pace of five million homes in some of the upcoming months behind favorable mortgage rates, more inventory and improved job creation,”. Be 1 of the 5,000,000 who take advantage of this Perfect Storm. Check out dragas.com today.