Maybe. I know that the local and national (and international) real estate markets are bad. For the purpose of this blog, I choose to focus on good news. I'm confident that my readers are finding the bad stuff elsewhere.
Frankly, focusing on the good news is a survival tactic for any good Realtor in today's market. Let's face it, do you want to work with me if I have a bad outlook.
We're having a good year -- at least that's what our numbers say. By August of this year, we had sold more real estate than in all of 2007. So, I'm positive. I have a tinge of heartburn over the Dow falling 679 points yesterday. But I'm bullish on the future of the real estate market. The deals are out there -- It's a great time to buy.
Now on to some more good news:
The National Association of Realtors says pending home rose 7.4% from July to August, an unexpected piece of positive news for the battered U.S. housing market.
The group said Wednesday its seasonally adjusted index of pending sales for existing homes rose to 93.4 from an upwardly revised July reading of 87. The reading was the highest since June 2007.
Wall Street economists surveyed by Thomson/IFR had predicted the index would fall to 84.9.
The index, which sunk to a record low of 83 in March, stood at 85.8 in August 2007.
