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Pending Home Sales Indicate Stronger U.S. Housing Market


Spring buying season is here and, despite some conflicting reports, it looks like the U.S. housing market is shaking off the doldrums.

Pending homes sales are on the rise due, in large measure, to lower mortgage interest rates; according to a report from the National Association of Realtors.

Mark Zandi, chief economist of Moody’s Analytics, notes that “Pending home sales are a real-time barometer of the market, and what that report shows is a housing market that’s on the mend at a key time.”

(You may not know this, but more than half of U.S. home sales take place between March and June/July in any given year.)

According to Chris Low of FTN Financial in NYC, “The most important thing to understand is: Housing really suffered last year. By this summer, data will be clearly showing that the spring season was an improvement.”

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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