The number of people submitting contracts on previously owned homes rose in August by 4.3%. As home prices continue to fall due to the large amount of foreclosures and short sales, buyers are seeing the value in purchasing a home.
Per the National Association of Realtors the seasonally adjusted index of sales agreements is up to a reading of 82.3. Reuters had only expected the index would rise to 81.4.
If you realize the excellent potential of getting a great deal on a home in this market please call Brett Keyser at Re/Max Alliance to find out the current inventory of available housing 941-308-3787.