The number of pending home sales bounced back in May, according to the National Association of Realtors (NAR). The levels reached in May were significantly higher than the prior year and the highest level in the past two years. According to Florida Realtors, NAR's Pending Sale Home Sales Index, "a forward-looking indicator based on contract signings, rose 5.9 percent to 101.1 … Keep reading... about Pending Sales Reach Two-Year High

CoreLogic released its monthly report last week, revealing that the inventory of unsold homes is at the lowest point in five years. The reason? Negative equity, which is proving to be a driving force in the real estate market. Homeowners who owe more on their mortgage than the current value of the home are deciding to hold onto property and not sell now. The result of this has … Keep reading... about Unsold Homes Inventory at Lowest Point in 5 Years

Tracking "lowball offers" is something that can really demonstrate how the real estate market is performing. In a market where prices hit all time lows and buyers were finding "steals," lowball offers had become fairly common. However, as the market has begun to shift in the right direction, the number of these lowball offers seems to be dwindling. To better understand, we must … Keep reading... about Why Lowball Offers Will No Longer Work

When CoreLogic released its April Home Price Index (HPI) earlier this week, there were many encouraging signs that the housing market is recovering better than originally predicted. Home prices and the number of distressed sales increased nationwide by 1.1% in April 2012 (compared to 2011). This marked the second year-over-year increase in 2012 and the first time two … Keep reading... about Home Prices Rise for Second Month