Pending Home Sales Slip in June, Remain Above a Year Ago The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 1.4 percent to 99.3 in June from a downwardly revised 100.7 in May but is 9.5 percent higher than June 2011 when it was 90.7. The data reflect contracts but not closings. Lawrence Yun, NAR chief economist, said inventory shortages are a factor. “Buyer interest remains strong but fewer home listings mean fewer contract signing opportunities,” Yun said. “We’ve been seeing a steady decline in the level of housing inventory, which is most pronounced in the lower price ranges popular with first-time buyers and investors.” Here’s the data for the Nation: And looking at the Local South Bay Real Estate Market and how about for Homes in Palos Verdes Estates To obtain specialized Palos Verdes Estate real estate trend data as well as real estate trends for all Palos Verdes Homes including real estate in Rancho Palos Verdes and Rolling Hills Estates homes for sale and Rolling Hills property, follow the link in the yellow tab below. Here’s a quick video on the type of information you will find which also includes an interactive map based search product to find homes for sale in Palos Verdes |
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as originally published at http://realestatemarbles.com/homeispalosverdes/2012/07/27/home-sale-trends-in-palos-verdes-estates/ | ||