California Pending Home Sales Register 1st Annual Increase in Nearly Two Years
REALTORS® say improving economic conditions and buyer urgency point to better market in 2015.
Pending home sales posted higher on a year-over-year basis for the first time since January 2013 and as expected, declined from the previous month due primarily to a seasonal slowdown toward the end of the year, according to C.A.R.
Additionally, with the specter of a better economy, greater job growth, and increasing household formation, C.A.R.’s new Market Pulse Survey found that many REALTORS® expect market conditions to improve in 2015, as does C.A.R. Review the Market Pulse Survey and the full press release here.