{"id":681,"date":"2012-05-02T16:41:00","date_gmt":"2012-05-02T16:41:00","guid":{"rendered":"https:\/\/www.discoveryhomes.com\/blog\/further-proof-the-real-estate-market-is-coming\/"},"modified":"2018-06-20T20:03:34","modified_gmt":"2018-06-20T20:03:34","slug":"further-proof-the-real-estate-market-is-coming","status":"publish","type":"post","link":"https:\/\/www.discoveryhomes.com\/blog\/further-proof-the-real-estate-market-is-coming\/","title":{"rendered":"Further Proof the Real Estate Market is Coming Back"},"content":{"rendered":"
\n

by The KCM Crew<\/a><\/span> onApril 30, 2012<\/p>\n<\/div>\n

Last week, the National Association of Realtors<\/em> (NAR) released their Pending Sales Report<\/a> which showed that contracted sales were 12.8% higher than the same month last year and higher than any time since sales were impacted by the Homebuyers\u2019 Credit back in April of 2010. The index stood at 101.4 which represents a level that is \u201chistorically healthy\u201d<\/em> (see methodology below).<\/p>\n

Here is a graph showing pending sales over the last twelve months:<\/p>\n

\u00a0\"\"<\/p>\n

METHODOLOGY <\/strong>(as per NAR)<\/span><\/em><\/p>\n

The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.<\/em><\/span><\/p>\n

The index is based on a large national sample, typically representing about 20 percent of transactions for existing-home sales. In developing the model for the index, it was demonstrated that the level of monthly sales-contract activity parallels the level of closed existing-home sales in the following two months.<\/em><\/span><\/p>\n

An index of 100 is equal to the average level of contract activity during 2001, which was the first year to be examined as well as the first of five consecutive record years for existing-home sales; it coincides with a level that is historically healthy.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

by The KCM Crew onApril 30, 2012 Last week, the…<\/p>\n","protected":false},"author":1,"featured_media":11193,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[143,200],"class_list":["post-681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-market","tag-sales"],"yoast_head":"\nFurther Proof the Real Estate Market is Coming Back - Discovery Homes Blog<\/title>\n<meta name=\"description\" content=\"Read about Further Proof the Real Estate Market is Coming Back on the Discovery New Homes Blog.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/discovery-peppercorn.graphiclanguage.net\/blog\/further-proof-the-real-estate-market-is-coming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Further Proof the Real Estate Market is Coming Back - 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