AUTHOR: Jerry De Young
Pending home sales continued to climb in January, marking 21 months of consecutive year-over-year gains, according to an industry report released Wednesday.
The Pending Home Sales Index, a forward looking indicator based on contract signings, increased 4.5 percent in January from December, and 9.5 percent from January 2012, the National Association of Realtors reported. The January reading is the highest since April 2010, just before the homebuyer tax credit was set to expire.
De Young Properties has sold out the last three new neighborhoods in record time. In fact, two communities completely sold out before construction could even begin on the first home! A fourth community,CountrySide is now over 50% sold after only a short five weeks. Click here to visit ABC 30’s article about the sold out De Young Justin Pointe community.
Sales prices have also increased around 5% in the Fresno area over the past several months. Don’t be left behind! Visit a De Young Welcome Center today at Chestnut and Teague in Fresno or Ashlan and Armstrong in Clovis.