Pending Home Sales on the Rise: Is Now the Time to Move to Vermont?

The National Association of Realtors (NAR) reports that pending home sales (sales with contracts signed but not yet closed) experienced a significant and unexpected rise in December of 2008. The percentage jumpd from 6.3 to 87.7, the first increase since August. You can view the 2008 NAR Pending Home Sales Index report here. According to Reuters, this increase is due to buyers taking advantage of lowering market prices and low mortgage rates. Read their full article here for more positive news on the housing market. To check out mortgage rates in Vermont, click here.

Pending Home Sales on the Rise: Is Now the Time to Move to Vermont?

The National Association of Realtors (NAR) reports that pending home sales (sales with contracts signed but not yet closed) experienced a significant and unexpected rise in December of 2008. The percentage jumpd from 6.3 to 87.7, the first increase since August. You can view the 2008 NAR Pending Home Sales Index report here. According to Reuters, this increase is due to buyers taking advantage of lowering market prices and low mortgage rates. Read their full article here for more positive news on the housing market. To check out mortgage rates in Vermont, click here.