June 2009 NAR Pending Numbers Could Be Excellent News For Denham Springs Real Estate

http://www.denhamspringsappraisers.com/ – June 2009 NAR Pending Numbers Could Be Excellent News For Denham Springs Real Estate

The Louisiana Realtor E-News Digest is reporting some fantastic news about Pending Home Sales Rising Again. The source of the news was the NAR (National Association of Realtors) and here’s a snippet of the news:

“Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the National Association of REALTORS.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in May, increased 0.1 percent to 90.7 from an upwardly revised reading of 90.6 in April, and is 6.7 percent higher than May 2008 when it was 85.0. The last time there were four consecutive monthly gains was in October 2004.”

The link to the La Realtor E-News Digest is at http://www.larealtors.org/news/default.asp

This continues the trend toward positive news for the Denham Springs and Livingston Parish Housing Homes Market.