Local pending home sales up 12.3%
San Diego nearly same as April,state up for 12th straight month
The chief economist for the National Association of Realtors, Lawrence Yun, interpreted the results as indicative of demand extending beyond the investor community looking for bargains in the still-depressed housing market.
“A return of normal home buying for occupancy is helping home sales across all price points, and now the recovery appears to be extending to home prices,” Yun said.
The San Diego Association of Realtors said there were 5,697 pending sales as of Tuesday, up slightly from 5,654 a month ago and up 12.3 percent from 5,075 a year ago…”
Read the rest of this article by the Union Tribune, San Diego here: “Local pending home sales up 12.3%“.