Real Estate Conditions Suggest Sustained Market Improvement: Pawleys Island Real Estate and Georgetown Real Estate

Conditions Suggest Sustained Market Improvement 

Coverage in much of the media of NAR’s latest pending home sales index, whch was released on Monday, has focused on the improvement we’ve seen over last year.

The Wall Street Journal, for example, in its front-page “Vital Signs” info graph for today (March 27, 2012), features data from NAR’s pending home sales index and says “Americans are buying more homes this year than in 2011.”

Bloomberg Businessweek says, ”Pending sales of U.S. existing homes [are] at near two-year high.”

Focusing on the improvement over last year is positive, because month-to-month fluctuations can make it hard to see the big picture. In yesterday’s NAR release, the forward-looking indicator was actually down, although almost imperceptibly—0.5 percent—but, as the news coverage said, it was up a strong 9 percent from a year ago.

...Read more here.