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Pending Sales are Up

National pending sales are up and the inventory is shrinking.

Good news for the real estate industry as pending home sales are up across the country. http://tinyurl.com/caz7b3j
In many cities across the country such as Atlanta and Phoenix, it is less expensive monthly to buy a home than it is to rent a house. This is due to low home prices and interest rates at all time lows. Demand for the rental market is high because of the many previous homeowners who have experienced foreclosure or a short sale. Others who have experienced tough times may not qualify for a mortgage because of credit issues. There may be a window of opportunity this winter for those willing and able to jump in the home buying experience before rates increase and inventory is stable. 

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