San Francisco Real Estate Market Update for the week of July 29
Read what Rick Turley, President of Coldwell Banker, San Francisco/Peninsula says in his latest weekly report:An island of good news appeared this week in a sea of negative media regarding weakness in the housing market. The National Association of Realtors' pending home sales index jumped five percent to 102.4 in June.
The index was created to be a more forward-looking snapshot on home sales than NAR's existing home sales report, which charts sales at the time of closing. The pending home sales index tracks when a sales agreement is signed, generally a month or more ahead of closing. The nationwide report is good news in that it indicates that home sales could see an increase in coming months. Now we need a few more media sources to pick up reports such as this, and we’re working on that. The important message to a Buyer in one of our micro markets where sales activity is slower is that historically as soon as media picks up that sales activity is stronger – Sellers quickly become less negotiable...
Read the entire report here.
- Rick Turley
* For an e-mail alert when this report is updated, send an e-mail to info@SFResidence.com with "weekly market report" in the subject line.
posted by SFResidence.com @ 12:53 PM
0 Comments:
Post a Comment
<< Home