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Pending home sales up for February

By: Dennis Norman

Yesterday the National Association of REALTORS(R) issued their Pending Home Sales Index report for February which showed, for the U.S., a 2.1% increase over January.

Lawrence Yun, NAR chief economist, said “Pending home sales have a way to go for there to be a meaningful increase, but recent increases in shopping activity [...]

Homes are more affordable to buy than ever! So where are the buyers?

By: Dennis Norman

The National Association of REALTORS(R) has been reporting tracking a “Housing Affordability Index” since January 1989.  The index looks at whether or not an average family (an income equal to the median income) can qualify for a loan to buy a median-priced home. 

The Housing Affordabiity Index for January was at the [...]