June 02, 2009

Pending Home Sales Rise

Real estate activity might be picking up

While ski resort real estate market activity remains somewhat sluggish, trends are changing a little bit in other areas. Home sales appear to be on the rise. Indeed, pending home sales are showing an increase for the third month in a row. Low-priced homes are the main beneficiaries right now, but this trend is likely to spread to ski resort markets soon.

Pending home sales look at the number of home sales that are beginning. These are homes that are under contract, but have not closed. It can take 30 to 60 days for the final sale to be completed.The fact that these are increasing bodes well for the housing market.

However, it is important to note that home prices still have not bottomed out. If you are looking to buy a ski resort home, there is still time to get a great deal.

Topic Tags: housing market, pending home sales, real estate market, ski resort, ski resort home, ski resort markets, ski resort real estate

by Ski Resort Markets

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