Finally some good news
NAR’s chief economist, Lawrence Yun said, “The rise in buyer contact activity may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten. We need a second surge to meaningfully draw down inventory and definitively stabilize home values.”
Economists projected February would experience a 1% drop in pending home sales and compared to February 2009, the pending home sales numbers have improved 17%
