Existing Home Sales Jump in January

Found this article interesting for the country as a whole and especially good news for the midwest.

Home for sale in Bondurant

More homes went under contract in January compared to December and a year ago, according to an index released today from the National Association of REALTORS® that tracks pending sales of existing U.S. homes.

NAR's Pending Home Sales Index, which is based on purchase contracts signed but not yet closed, rose 8 percent from January 2011 and 2 percent from a downwardly revised 95.1 percent in December, to 97. According to revised figures, that's the highest index score since April 2010, just before the deadline for a federal homebuyer tax credit program, when the index was at 111.3.

The article went on to say

The index rose year over year in all four U.S. regions with the Midwest seeing the highest increase. That region saw a 10.8 percent jump, to 88.1, though the index fell 3.8 percent compared to December.

Read the full article at Inman News

You can view my listings in the Des Moines area by clicking here.