Pending Home Sales and Mortgage Applications on the Rise

July 14th, 2009 admin

According to Realty Times,  pending home sales were up again for second straight month. Last month pending home sales rose 7% over the previous month and 13% since January.

Thats great news because a stablizing real estate market is what many believe we need to move the United States out of this recession.

Another positive sign with in the real estate market is the applications for new mortgages is up also up 7%.  As credit markets continue to loosen and the expantion of home buyers  tax credit it’s no surprise that applications are up.

But all in all great news for the real estate market. It seems we might be seeing the light at the end of the tunnel in regards to the recession. Although with stock markets still shaky and record high unemployment rates we are not out of the woods yet.



This entry was posted on Tuesday, July 14th, 2009 at 9:53 am and is filed under Real Estate & Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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