Good evening,
For the fourth consecutive month, pending home sales were above year-ago levels–rising 3.9 percent over November 2013. Contract signings have remained at a healthy pace for six straight months. The year-over-year rise came lead by a month-over-month increase in November in pending home sales.
"In addition to low interest rates, buyers entering the market this autumn are being lured by the increase in homes for sale and less competition from investors paying cash," Yun says. "Demand is holding steady but would be more robust if it weren't for lagging wage growth and tight credit conditions that continue to hamper those individuals looking for relief from rising rents."
*For a copy of the most recent Market Update (NC High Country Market Update 2014-12-01), please don't hesitate to call or email me at any time.
Regards,
Marc White
Broker In Charge/REALTOR
Realtor of the Year & Best of the Best 2013
Cash Realty & Cash Custom Homes
Call/Text 828-406-2134
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