Pending home sales down in August, but positive month-to-month

Today we released the August pending home sales for both single-family homes and condos.  For the 4th straight month pending sales are down compared to the same time last year, but on a month-to-month basis the July-to-August number is up for the first time since the end of the tax credit.

MAR President Kevin Sears does feel that the “rock-bottom” interest rates are starting to make a positive impact.  Are you seeing and feeling that?  Let us know.

Click here to read the release.