December 1st, 2009 by Michael Oliver

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Pending home sales of previously owned homes came out a few hours ago and the numbers are very good for the real estate markets nationwide showing the tax credit is pushing demand into the market.

“Pending home sales in the U.S. homes rose unpredictably to their highest level in 3-1/2 years in October, a survey showed on Tuesday, suggesting the housing market recovery was gaining steam.

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in October, rose 3.7 percent to 114.1, rising for a ninth straight month. This is the longest streak of gains since the series started in 2001.

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November 3rd, 2009 by Michael Oliver

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Share on Facebook For those people that read this blog that know me you know I like to look at stats and real numbers vs. just making assessments without seeing facts. In looking at the numbers from earlier this year the US housing markets is recovering pretty seriously and in a way I think even few Realtors and other experts understand. Here are the statistics that I found. Now there is no guarantee the real estate markets will not take another dip however my feeling is the worst is for sure behind the markets. In the early summer and during the summer I wrote many blog posts signaling the end of the real estate depression that had been so “normal” for the past 3 years. The numbers also agree with this assessment and show since January the market has been getting better and since the late spring the markets across the US have even in many cases started seeing price increases! With that being said here is a summary of the stats showing where the US real estate market has come from:

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