Pending home sales increased by 10.4% in October 2010, showing a positive trend, according to the National Association of Realtors. The Pending Home Sales Index (PHSI) rose to 89.3 based on the number of contracts signed in October from 80.9 in September. The data reflects sale contracts and not closings, which normally occur with a lag time of one or two months. In a Florida Realtor article, the National Assoc. of Realtors’ chief economist said outstanding housing affordability conditions drew in more homebuyers. The market is showing signs of recovery.
Four times a year, Jeannett publishes " Jeannett's Journal" which is distributed directly to well over 18,000 residences in Coral Gables. The magazine encompasses Coral Gables news, Culture, and Business. We devote several pages to Real Estate and below you can find the most recent update on what is going on in the Gables, when it comes to selling single-family homes.. Click here to Jeannett's Journal.
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