Home Sales Rise in January

According to the National Association of REALTORS®, There’s good news regarding the housing market with pending home sales rising again in November 2010, and the overall trend judging by the past five months is that it looks like a gradual recovery will continue into 2011.

The Pending Home Sales Index, a forward-looking indicator, rose 3.5% to 92.2 based on contracts signed in November from a downwardly revised 89.1 in October. The index is 5.0% below a reading of 97.0 in November 2009. The data reflects contracts and not closings, which normally occur with a lag time of one or two months.

For more information on the real estate market, visit www.realtor.org. For help in getting pre-qualified, as well as finding and closing on your perfect Hoboken home, contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, a progressive city where they’re always coming up with new ways of making it a better place to live, Jersey City, Weehawken and Union City. Eddie can also be reached by phone at 201-344-2886.

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Explore posts in the same categories: Hoboken Homes, Live in Hoboken

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