St. Louis Real Estate Blog

Pending Home Sales Edge Up

January 3rd, 2014 9:06 AM by Melanie Mitchell - Team Lead/Listing Specialist

Pending home sales stabilized in November with a slight gain, according to NAR.

NAR Chief Economist Lawrence Yun explains: "We may have reached a cyclical low because the positive fundamentals of job creation and household formation are likely to foster a fairly stable level of contract activity in 2014. Although the final months of 2013 are finishing on a soft note, the year as a whole will end with the best sales total in seven years."




Posted in:General
Posted by Melanie Mitchell - Team Lead/Listing Specialist on January 3rd, 2014 9:06 AM

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