Pending Home sales show strength

National Association of Realtors today announced that pending home sales for US markets were up for the 3rd straight month at 6.7%. That number represents the biggest gain in 7.5 years. The low interest rates, new home buyer incentives and lower prices have help see a return of buyers.

The view is that we may be seeing the bottom of the housing market and as the Summer month come we should start to see improvements across the board in the real estate market.