Pending home sales are increasing in US and this increased up to 5.3% in the last June. This news is a bad one for the average home sellers of US. This is because, the home sales that are pending are intended for foreclosed properties which will be sold at a discount rate by most of the lenders.
The regular home sellers will have to suffer a great due to this and they will have to fight against those competitors who are trying to undercut them. However the percentage of pending sales is expected to come down in the beginning of 2009.
Add your comment below, or trackback from your own site.
Subscribe to these comments.
Be nice. Keep it clean. Stay on topic. No spam.
You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>