WOW... Lot's of promising news out there. First time and bargain hunting home buyers are storming into the market.In an article from Bloomberg.com, U.S. Economy: Pending Home Resales Surge by Most Since 2001 , the author Carlos Torres points out that low prices, low interest rates, pent up demand and more market confidence have set the stage for this new uptick.
Les Christie of CNNmoney.com included regional sales data in an article he also published today, Pending Home Sales Rebounding. Positive reports came from three of the four regions. The Northeast (+33% ), the Midwest (+9.8%), and the Western (+1.8%) all saw increases in pending sales, with only a 0.2% decrease in the Southern region.
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