Pending Home Sales Decline in January – National data

Sounds like bad news, but in here is really some good news….as unemployment goes down, and consumer confidence goes up, there will continue [%readmore%]to be more home sales, clearing out the inventory of distressed and bank-owned properties.  Washington lagged the rest of the country going into the housing downturn (summer 2007) and is trailing the recovery in the same way.  However, the job market our area has not suffered as much as other metropolitan areas in the country, and with the new Boeing contract for the refueling tankers, it should continue to improve.  Yun is the head “numbers guy” for the National Association of Realtors, and always have an informed and balance view.  Here’s the link to the Video Interview with L. Yun as he looks ahead at 2011 and the article if you want to read more:  NAR Economist discusses current housing sales trend