According to a survey it was said that Home sales rose more than expected in February, a trade Combined Global Real Estate management group said, a sign for housing market may be in for a spring rebound.Some of the signed contracts for previously owned homes climbed 3.1% from January to the highest level since June 2013.
There were some clause in sales of home in February which result in increase demand, thus it shows a positive sign ahead of the typically busy spring selling season. Many pending sales reflect signed contracts, and they usually become final within one or two months.
Many of the prospective buyers are being lured into the market by an improved job market and low mortgage rates, says one of the Realtors' chief economist.“These factors bode well for the prospect of an uptick in sales in coming months”.
Investors have their eye on economic data as they look ahead to the next round of corporate earnings.It have been noticed that consumers spending edged up to 0.1 percent in feb follow monthly declines as consumers income rose upto 0.4 percent thus home sales rose to its highest level.
For More Info: Russ Whitney Property Management News
Investors have their eye on economic data as they look ahead to the next round of corporate earnings.It have been noticed that consumers spending edged up to 0.1 percent in feb follow monthly declines as consumers income rose upto 0.4 percent thus home sales rose to its highest level.
For More Info: Russ Whitney Property Management News
No comments:
Post a Comment