Pending home sales rose in October

The National Assoc. of Realtors announced “Pending home sales rose strongly in October with mixed regional results.”

The NAR chief economist said buyers are responding to favorable market conditions. “We’ve had very good housing affordability conditions for quite some time, but we’re seeing more impact now from steady job creation, and rising consumer confidence about home buying now that home prices have clearly turned positive.”

See the full article at: http://www.realtor.org/news-releases/2012/10/pending-home-sales-rise-in-october